Trump’s Fed Chair Shortlist Expands with 11 Contenders Amid Market Speculation

The WHITE House is evaluating an unexpectedly long list of candidates for the next Federal Reserve chair, including sitting governors, former officials, and Wall Street figures. Treasury Secretary Scott Bessent plans to meet with all 11 nominees despite Jerome Powell’s term extending until May 2024.

Christopher Waller, initially seen as a conventional pick, faced uncertainty after TRUMP praised "the two Kevins"—Kevin Hassett and Kevin Warsh. However, Waller recently regained momentum in betting markets. His confirmation in 2020 was the narrowest for a Fed governor in four decades, highlighting the political tensions surrounding the appointment.

The July dissent by Waller and Michelle Bowman against the Fed’s decision to hold rates marked the first such split in over 30 years, underscoring the high stakes of the leadership transition. Market participants are closely watching for signals of monetary policy direction amid the speculation.