#WhoIsNextFedChair

The next Federal Reserve Chair will be chosen by U.S. President Donald Trump and confirmed by the U.S. Senate. Current Chair Jerome Powell’s term ends in May 2026, and Trump is expected to name a successor soon. Trump has narrowed the list of top candidates to people like Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder. Trump has praised these finalists and may announce his pick soon — possibly as early as next week, according to U.S. Treasury Secretary Scott Bessent.

In short: the next Fed Chair isn’t officially confirmed yet, but Trump’s choice from the shortlist will become the new leader after Powell.