Archive · 6 Sep 2025
Trump Considers Hassett, Warsh, Waller for Fed Chair
President Trump is looking for a new leader for the Federal Reserve, the central bank that controls interest rates.
He's considering a few people for the job.
Trump wants someone who agrees with him on lowering interest rates quickly.
Current Fed chair, Jerome Powell, might support a small rate cut soon, but Trump wants more.
Some candidates, like Hassett, agree with Trump's economic ideas.
Others, like Warsh, have criticized the Fed.
This decision is important because it affects financial markets and how much it costs to borrow money.
Trump is considering Hassett, Warsh, and Waller to succeed Powell as Fed Chair.
Trump aims to appoint a Fed leader who aligns with his push for rapid interest-rate cuts.
Powell may support a small interest-rate cut in September.
The labor market is showing signs of softening.
Bessent confirmed he is not interested in the position.
- Who
- Donald Trump
- What
- Considering candidates for the Federal Reserve Chair position
- When
- Recently
- Where
- White House
- Why
- To install a Fed leader aligned with his policies
- Potential Candidates
- Hassett, Warsh, Waller
- Current Chair
- Jerome Powell
- Bessent's Stance
- Not interested in the position
- Trump's Policy Alignment Goal
- Aligning the Fed with rapid interest-rate cuts
- Powell's Position
- May support a rate cut in September
- Labor Market Status
- Softening