Archive · 12 Aug 2025
Trump Weighs Fed Chair Candidates: Bowman, Jefferson, Logan
The US central bank, the Federal Reserve, is looking for a new leader.
Top contenders include Michelle Bowman, Philip Jefferson, and Lorie Logan.
President Trump will ultimately choose, with advice from his team, including Treasury Secretary Scott Bessent.
Current Chair Jerome Powell hasn't said if he will stay.
A new board member, Stephen Miran, needs Senate approval.
Trump has criticized the Fed's interest rate decisions, but the Senate must confirm any major changes.
The search for the next Federal Reserve Chair is underway, led by Treasury Secretary Scott Bessent.
Michelle Bowman, Philip Jefferson, and Lorie Logan are potential candidates to replace Jerome Powell.
Donald Trump is expected to make the final decision regarding the appointment this fall.
Stephen Miran was nominated to the Fed’s Board of Governors, replacing Adriana Kugler, pending Senate confirmation.
Any new chair appointment or board promotion requires Senate confirmation.
- Who
- Scott Bessent, Michelle Bowman, Philip Jefferson, Lorie Logan, Jerome Powell, Donald Trump.
- What
- The search for the next Federal Reserve Chair.
- When
- The decision will be made by the fall.
- Where
- At the Federal Reserve and within the US government.
- Why
- Due to the potential departure of current chair Jerome Powell and Adriana Kugler's departure.
Trump's Stance
Federal Reserve
Interest Rate Policy
Trump's Stance
Trump believes interest rates are too high.
Federal Reserve
Federal Reserve's rate decisions.
- Search Lead
- Scott Bessent
- Potential Candidates
- Michelle Bowman, Philip Jefferson, Lorie Logan
- Current Chair
- Jerome Powell
- Key Issue
- Interest Rate policy
- Appointment Approval
- Requires Senate confirmation
- Nominee for Board of Governors
- Stephen Miran
