The term of current Federal Reserve Chair Jerome Powell is set to end in May 2026, drawing growing attention from global markets and policymakers. As the end of his tenure approaches, one key question dominates financial discussions: who will become the next Chair of the Federal Reserve?
So far, no official announcement has been made by the U.S. president regarding Powell’s successor. However, several prominent names have emerged as leading contenders, including Kevin Hassett, a senior White House economic adviser, and Kevin Warsh, a former Federal Reserve governor. Both are widely regarded as experienced figures with strong influence on monetary policy.
The selection of the next Fed Chair is a critical decision, as it will shape the future direction of interest rates, inflation control, and overall financial stability in the United States—decisions that carry global implications. Once a nominee is announced, the candidate must still be confirmed by the U.S. Senate before formally taking office.
Analysts believe that whoever takes on the role will face major challenges, from managing inflation pressures to supporting economic growth amid ongoing global uncertainty.
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Who Will Be the Next Fed Chair?