Archive · 6 Aug 2025
Trump Weighs Fed Governor Appointment amid Chair Considerations
President Trump is looking to fill a vacant seat on the Federal Reserve board.
He's thinking of either picking someone for a short time or someone who could become the chair later.
He is considering Kevin Warsh and Kevin Hassett, among others.
Trump has criticized the Fed for not lowering interest rates fast enough.
The new governor will need to be approved by the Senate, which usually takes time.
Trump is considering a temporary Federal Reserve governor to fill the vacant seat.
Adriana Kugler's early departure gives Trump an opportunity to appoint a new governor.
Trump is considering four candidates for Fed Chair, including Kevin Warsh and Kevin Hassett.
Trump has been critical of the Fed, arguing it is too slow to lower interest rates.
The Senate confirmation process for a governor typically takes months.
- Who
- Donald Trump
- What
- Trump is considering candidates to fill a vacant Federal Reserve seat and potentially replace the chair.
- When
- Adriana Kugler's departure is August 8; Jerome Powell's term ends in May 2026.
- Where
- United States
- Why
- To influence monetary policy and potentially appoint a new Fed chair.
Trump's Perspective
Federal Reserve's Perspective
Interest Rates
Trump's Perspective
Favors lower interest rates.
Federal Reserve's Perspective
The Federal Reserve has kept rates steady.
- Candidates Considered
- Kevin Warsh, Kevin Hassett, and two others unknown
- Replacing Fed Governor
- Adriana Kugler, departing August 8
- Term Expiration
- January 2026 (vacant seat); May 2026 (Jerome Powell)
- Short-Term Governor Focus
- Someone already in government, with prior Senate approval.
Sources
Trump says Treasury Secretary Bessent not interested in Fed chair role; four other contenders emerge
Trump evaluating Jerome Powell’s successor at Federal Reserve, Bessent declines interest
Donald Trump says Scott Bessent not interested in Fed chair role; four candidates shortlisted
Trump shortlists Hassett, Warsh for Fed chair role as Powell’s term nears end
