"President Donald Trump said he saw White House economic adviser Kevin Hassett, Federal Reserve Governor Christopher Waller and former Fed Governor Kevin Warsh as the finalists to replace the central bank's chair, Jerome Powell. "You could say those are the top three," Trump told reporters in the Oval Office. Earlier, Trump indicated that while he had some idea of who he wanted to pick for the position, he was committed to an interview process."
"Treasury Secretary Scott Bessent, who was thought to be a contender for the job before removing himself from consideration, is organizing the search and reiterated Friday that he wasn't interested in the position. The timetable for selecting a successor to Powell, whose term as chair expires in May, remains unclear. Bessent told the Wall Street Journal earlier this week he would begin interviewing candidates on Friday. On Wednesday, Waller said he hadn't yet been scheduled for an interview for the post. That followed Hassett's comment on Aug. 25 that Trump's decision on the matter remained "another few months" away."
President Donald Trump named White House economic adviser Kevin Hassett, Federal Reserve Governor Christopher Waller and former Fed Governor Kevin Warsh as the top three finalists to replace Federal Reserve Chair Jerome Powell. Treasury Secretary Scott Bessent is organizing the search but said he is not interested in the job. The timetable for choosing a successor remains unclear, with interviews expected to begin and Waller not yet scheduled. Fed officials are moving closer to lowering interest rates after holding them steady since December. A weak employment report increased investor expectations of a September rate cut. Powell's term expires in May, and he signaled rising labor-market risks.
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