Archive · 3 Dec 2025
Trump to Name Next Fed Chair Early Next Year
President Trump is going to pick the next person to lead the Federal Reserve, which is a big bank that helps control the country's money.
He said that the person who has been checking out the candidates, Treasury Secretary Scott Bessent, doesn't want the job.
Trump hasn't said who he will choose, but some people think it might be Kevin Hassett, who is one of Trump's top economic advisers.
Trump has already made his decision but isn't telling anyone yet.
President Trump will name the next Federal Reserve Chair early next year.
Treasury Secretary Scott Bessent has overseen the vetting process and does not want the top Fed job.
Trump has made his decision but has not indicated who the frontrunner is.
Kevin Hassett, Trump's top economic adviser, is a favorite among online betting markets.
Trump declined to confirm whether Hassett is the frontrunner.
- Who
- President Donald Trump
- What
- Naming the next Federal Reserve Chair
- When
- Early next year
- Where
- United States
- Why
- To replace the current Fed Chair
- Current Fed Chair
- Jerome Powell
- Treasury Secretary
- Scott Bessent
- Top Economic Adviser
- Kevin Hassett
- Decision Timing
- Early next year
- Vetting Process
- Overseen by Scott Bessent
