The search for the next Federal Reserve Chair is focusing on five finalists.

crypthub

1 day ago

Candidate Shortlist Reduction

Secretary Scott Bessent has reduced the list of potential Federal Reserve Chair candidates from 11 to five following interviews. The final candidate announcement is anticipated in January, though a prompt transition may not occur. Michelle Bowman, Christopher Waller, Kevin Hassett, Kevin Warsh, and Rick Rieder are among the finalists being considered.

Upcoming Interview Rounds

A second round of interviews involving Bessent, Treasury officials, and White House staff is planned soon. Bessent's schedule, including World Bank/IMF meetings and an Asian tour with the President, may cause delays beyond Thanksgiving. These interviews will assist Bessent in further refining the candidate pool.

Selection Process and Timeline

Bessent will present his narrowed list to President Trump for final selection. Trump is expected to nominate a candidate for the Fed governorship before confirming the Fed chair. The final decision ultimately rests with the President.