Trump Prepares to Conduct Final Interviews for Federal Reserve Chairman
Date: 2025-12-11 Author: Henry Casey Categories: IN WORLD
The American press has reported that the process of selecting the next head of the Federal Reserve System is entering its final stages. According to sources, Donald Trump, along with Treasury Secretary Scott Bessent, intends to hold final meetings with candidates within the next two weeks to determine who will lead the regulator after the current chairman's term ends.
According to the Financial Times, Bessent has already submitted a list of four key candidates to the president. Among them are former Federal Reserve Board member Kevin Warsh and National Economic Council Chairman Kevin Hassett. Many analysts consider Hassett the most likely future head of the Federal Reserve System. As recently as late November, he was considered the leading contender for the post.
Today, December 10, Trump and Bessent plan to meet with Warsh, with another meeting scheduled for next week. According to sources, the White House is seeking to expedite the process, as the president has previously stated that he intends to announce a final decision in January 2026.
The two remaining candidates who will make the final list will be selected from another group of candidates. This group includes current Board of Governors member Christopher Waller, Vice Chair for Oversight Michelle Bowman, and BlackRock Fixed Income CIO Rick Rieder. All of them are being considered as potential alternatives, but the president, according to the publication, is leaning toward Hassett.
In a conversation with reporters aboard Air Force One, Trump stated that he is exploring several possible options but already has a clear idea of who he would like to see lead the Fed. The White House is also discussing a possible redistribution of responsibilities if Hassett is appointed. According to sources, Bessent could take Hassett's current position while retaining his role at the Treasury Department.
Kalshi platform participants estimate the likelihood of Hassett being appointed as the Fed's head at approximately 73%.
Current Chairman Jerome Powell's term ends in May 2026, but he will remain a member of the Board of Governors until 2028. Powell and the Fed are currently under significant pressure from the White House: Trump is insisting on a rate cut, and a meeting to discuss this issue is scheduled for December 10.
Against the backdrop of the regulator's upcoming decision, financial market participants are closely monitoring any news related to the selection process for the next Fed chairman, as it could impact the country's future economic policy.
