Fed Chair Candidates

Extracted Attributes

• Incumbent Chair

  Jerome Powell

• Confirmation Body

  United States Senate

• Policy Preference

  Less interventionist, Greenspan-style approach

• Vetting Authority

  Scott Bessent (Treasury Secretary)

• Appointing Authority

  President of the United States

• Standard Governor Term

  14 years

• Term Expiration (Incumbent)

  2026-05-31

Timeline

• Jerome Powell begins his term as Chair of the Federal Reserve Board of Governors. (Source: St. Louis Fed)

  2018-02-05

• Michelle Bowman is confirmed as Vice Chair for Supervision of the Federal Reserve Board. (Source: Wikipedia)

  2025-06-01

• Kevin Hassett, a frontrunner for the Chair position, speaks to media as Director of the National Economic Council. (Source: CNBC)

  2025-10-24

• Treasury Secretary Scott Bessent maintains a shortlist of five candidates for the next Fed Chair. (Source: Yahoo Finance)

  2025-12-05

• President Trump indicates he is leaning toward Kevin Warsh or Kevin Hassett for the nomination. (Source: The Street)

  2025-12-12

• President Trump interviews current Fed Governor Christopher Waller for the Chair position. (Source: The Street)

  2025-12-17

• Reports indicate Michelle Bowman is no longer being considered for the Chair position. (Source: CNBC)

  2025-12-19

• President Trump is expected to announce his official pick for the next Federal Reserve Chair in early 2026. (Source: Transport Topics)

  2026-01-01

• Jerome Powell's term as Federal Reserve Chair is scheduled to expire. (Source: Transport Topics)

  2026-05-31

Michelle Bowman

Michelle White "Miki" Bowman (born May 25, 1971) is an American attorney who has served as a member of the Federal Reserve Board of Governors since 2018. She is the first person to fill the community bank seat on the board, a seat created by a 2015 law. Previously, Bowman was the Kansas banking commissioner, from January 2017 through November 2018. She also held senior staff positions at the Federal Emergency Management Agency and Department of Homeland Security during the George W. Bush administration. After seven years as a Federal Reserve board member, President Trump nominated Bowman to succeed Michael Barr as Vice Chair for Supervision of the board, a position a she was confirmed for in early June 2025. In that position, she launched a substantial deregulatory push of the U.S. banking sector.

Web Search Results

• Who will be the next Fed Chair? Check out these 5 people on ...

  ### Description 1372 views Posted: 5 Dec 2025 There are five candidates being considered for the next Federal Reserve chair when Jerome Powell's term ends in May 2026, according to a shortlist kept by Treasury Secretary Scott Bessent. The list includes BlackRock's (BLK) head of fixed income, Rick Rieder, Fed chair frontrunner Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Chris Waller, and Fed Vice Chair of Supervision Michelle Bowman. [...] Yahoo Finance Fed Correspondent Jennifer Schonberger outlines key information to know about each of the candidates. For the latest news on the Federal Reserve, please visit our website at: #youtube #stocks #investing #federalreserve #Trump #interestrates About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

• Trump Sets Early 2026 Date for Fed Chair Pick - TT - Transport Topics

  Still, Trump is known to make surprise personnel and policy decisions, meaning a nomination is not final until it’s made public. Other finalists have included Fed Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh and BlackRock’s Rick Rieder. Trump in September singled out Hassett, Warsh and Waller as his top three candidates. Trump also regularly says he’d like Bessent as chair, though the Treasury secretary has repeatedly rejected the notion. [...] President Donald Trump said he will announce his pick for the next Federal Reserve chair in early 2026, clarifying the timing of a closely watched decision. The choice will determine the successor to Jerome Powell, whose term ends in May, and comes as Trump pressures the Fed to cut rates more aggressively. The White House continues vetting finalists, and the nominee will require Senate confirmation, with an outsider likely receiving a 14-year governor term starting Feb. 1. [...] Trump for months has pressured the Fed to lower interest rates, and naming a successor to Jerome Powell, whose term as Fed Chair expires in May, would give the president his biggest chance yet to reshape the institution. Trump has criticized Powell as being too slow and timid in pursuing cuts, and the president has signaled he expects his replacement to move more forcefully to lower rates.

• Next Fed chair faces 'no-win' test as White House pushes rate cuts

  (Trump has lambasted Powell, whom the president appointed as chair in his first term, personally and professionally for most of 2026 for not lowering interest rates.) ## Meet the final fed candidates Trump told The Wall Street Journal Dec. 12 that he was leaning toward choosing either former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett. The president also interviewed current Fed Governor Christopher Waller on Dec. 17. Reuters reported Dec. 18 that: [...] President Trump has interviewed three Federal Reserve chair finalists who all pledge Fed independence. The candidates differ in closeness to Trump and perspectives on interest rates and Fed policy. The next chair faces a "no-win" job balancing presidential demands and central bank credibility. Let’s hope we’ll be spared a swimsuit competition in the beauty pageant that President Donald Trump has conjured up in his search for the next Federal Reserve chair. [...] Warsh enjoys close connections to Trump’s circle. Hassett is a tested Trump booster. Waller is already steering the Fed towards lower rates and a more conservative approach to its broader activities. BlackRock Chief Investment Officer Rick Rieder would be interviewed before the end of the year. CNBC reported Dec. 19. CNBC, citing White House sources, also reported that Fed Vice Chair Michelle Bowman was no longer a candidate. ## Nominee faces a ‘no-win’ job

• As regime change looms at the Fed, one candidate emerges as front ...

  While that part of the mystery appears ready to clear up in the coming weeks, what's far less certain is the type of environment the new central bank leader will face at a potential crossroads for the U.S. economy. National Economic Council Director Kevin Hassett has been dubbed the clear favorite, buoyed by a Bloomberg News report last week that handicapped the five-person race to succeed current Chair Jerome Powell, whose term runs out in May. [...] Jeff Cox@jeff.cox.7528@JeffCoxCNBCcom WATCH LIVE Key Points National Economic Council Director Kevin Hassett has been dubbed the clear favorite for the next Federal Reserve chair. Asked Sunday about the situation, Trump told reporters aboard Air Force One, "I know who I am going to pick, yeah. We'll be announcing it." Whomever the actual pick is will take over a Fed that is currently torn over the future course of interest rates and is facing calls for aggressive reforms. [...] Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet. Prediction markets have their minds made up, but the front-runner also is playing it coy.

• Chair of the Federal Reserve Board | In Plain English | St. Louis Fed

  The current Chair of the Board of Governors is Jerome H. Powell. His position is highly visible. Powell became the Chair on Feb. 5, 2018. The Fed Chair reports twice a year to Congress on the Fed’s monetary policy objectives, testifies before Congress on numerous other issues, and meets periodically with the secretary of the Treasury. Other Board of Governors officials are also called to testify before Congress, and they maintain regular contact with other government organizations, as well. [...] # Chair of the Federal Reserve Board SHARE THIS PAGE: Link Copied Heading the Federal Reserve Board of Governors are a Chair and two Vice Chairs. How are the Chair and Vice Chairs of the Fed chosen? They are Governors of the Federal Reserve Board whom the president of the United States appoints, with the advice and consent of the Senate, to serve four-year terms. Jerome H. Powell