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Trump Administration Narrows Fed Chair Finalists as Rate Decision Looms

Trump Administration Narrows Fed Chair Finalists as Rate Decision Looms

Author:

Global Cryptocurrency

Published:

2025-10-27 17:39:02

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BTCCSquare news:

The TRUMP administration has identified five finalists to succeed Federal Reserve Chair Jerome Powell, with Treasury Secretary Scott Bessent confirming the shortlist includes current Fed Governors Christopher Waller and Michelle Bowman, alongside National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, and BlackRock's Rick Rieder. A decision is expected by year-end.

The Fed leadership transition unfolds against a backdrop of anticipated monetary easing, with markets pricing in a 25-basis-point rate cut at the October 29 FOMC meeting. Powell's term expires in May 2023, though he retains the option to remain as a board governor until 2028.

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