Trump Narrows Fed Leadership Picks Amid Powell Ouster Campaign

President TRUMP has identified Kevin Hassett, Christopher Waller, and Kevin Warsh as final contenders to lead the Federal Reserve, signaling an accelerated timeline to replace Chair Jerome Powell. The decision follows months of public criticism over monetary policy, with Trump directly linking Powell's resistance to rate cuts to August's lackluster jobs data.

Treasury Secretary Scott Bessent, initially speculated as a potential nominee, now oversees the selection process while openly challenging the Fed's operational framework. His recent Wall Street Journal op-ed calls for structural reforms, though the article was truncated in transmission.

Interviews for the position commenced Friday according to Bloomberg sources, though the administration hasn't disclosed the participant list. The move coincides with growing market uncertainty about the Fed's direction, particularly regarding digital asset regulations that could impact cryptocurrency valuations.