President Donald Trump on June 25 said he was considering several people to lead the Federal Reserve amid his frustration with current Chair Jerome Powell.
While speaking to reporters at the NATO Summit on Wednesday, Trump said he has “three or four people” whom he’s considering as the next chair of the Federal Reserve after Powell’s term ends in May 2026.
“He goes out pretty soon, fortunately, because I think he’s terrible,” Trump said.
Some of the top contenders for the position reportedly include Treasury Secretary Scott Bessent, current Fed Governor Christopher Waller, former Fed Governor Kevin Warsh, and director of the National Economic Council Kevin Hassett….