Archive · 25 Nov 2025
Trump May Announce New Fed Chair Before Christmas
The US President, Donald Trump, might announce a new head of the Federal Reserve before Christmas.
The current head, Jerome Powell, will finish his job in May.
The Treasury Secretary, Scott Bessent, said there are five strong people being considered for the job.
He also thinks the Federal Reserve should have a simpler role and work more in the background.
The final decision is up to President Trump, and it could happen before the holidays or next year.
President Trump may announce a new Fed chair before Christmas.
Current Fed Chair Jerome Powell's term ends in May.
Five strong candidates are being considered for the position.
Treasury Secretary Scott Bessent envisions a simplified role for the Fed.
The final decision on the announcement timing is Trump's prerogative.
- Who
- US President Donald Trump, Treasury Secretary Scott Bessent, Current Fed Chair Jerome Powell
- What
- Potential announcement of new Fed chair
- When
- Before Christmas or in the new year
- Where
- United States
- Why
- Jerome Powell's term ends in May; Trump is considering replacements
- Current Fed Chair
- Jerome Powell
- Powell's Term Ends
- May
- Potential Announcement Timing
- Before Christmas or in the new year
- Number of Candidates
- Five
- Treasury Secretary's Vision for Fed
- Simplify role, move to background