Trump's Strategic Moves for Federal Reserve Leadership
The Trump administration is planning to appoint a successor to Federal Reserve Chair Jerome Powell when his term ends in May 2026. A potential candidate could fill a 14-year term vacancy in January 2026. Christopher Waller and other Trump affiliates are under consideration for the role.
The Trump administration is eyeing the upcoming Federal Reserve Board of Governors vacancy to strategically appoint a new chair successor when Jerome Powell's term concludes in May 2026. Treasury Secretary Scott Bessent disclosed plans to leverage the expected vacancy available in January for a potential successor.
The current chair Jerome Powell's term will end in May 2026, with his board membership extending through January 2028. The seat of Governor Adriana Kugler, expiring on January 31, 2026, presents an opportunity for President Donald Trump to nominate a new governor for a full 14-year tenure, thus positioning this appointee as a future chair candidate.
Rumors suggest current board member Christopher Waller and Trump affiliates like Kevin Hassett and Kevin Warsh are under consideration. Trump's criteria for appointment align with a demand for future interest rate cuts. These strategic considerations form part of Trump's broader plan to steer Fed policy during his term.
(With inputs from agencies.)
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