The Trump administration has narrowed its search for the next Federal Reserve chair to five candidates, including Christopher Waller, Michelle Bowman, Kevin Warsh, Kevin Hassett, and Rick Rieder.
1 / 6US Fed Chair Shortlist: The Trump administration has narrowed its search for the next Federal Reserve chair to five candidates, Treasury Secretary Scott Bessent said Monday. The finalists are Christopher Waller, Michelle Bowman, Kevin Warsh, Kevin Hassett, and Rick Rieder. Bessent said he will hold a second round of interviews in the coming weeks and present his recommendations to President Donald Trump after Thanksgiving. (Reuters photo)
2 / 6Christopher Waller: Federal Reserve Governor Christopher Waller, appointed by Trump in 2020, is viewed as an independent voice within the central bank. He pushed for a rate cut at the July meeting when the Fed decided to hold steady and later voted for a quarter-point reduction in September. Waller’s record shows support for moderate easing while maintaining focus on inflation control. (Reuters photo)
3 / 6Michelle Bowman: Michelle Bowman serves as the Fed’s vice chair for supervision, overseeing the nation’s largest banks. Appointed by Trump in 2018, she was previously Kansas’ state bank commissioner. Bowman supported a rate cut in July and later joined other officials in backing a quarter-point reduction. Her regulatory experience and steady approach to policy have made her a respected figure within the Fed. (Reuters photo)
4 / 6Kevin Warsh: Kevin Warsh is a former Federal Reserve governor and economic adviser to President George W. Bush. Appointed to the Fed board in 2006 at age 35, he became the youngest governor in the central bank’s history and served until 2011. Warsh is now a fellow at the Hoover Institution and lectures at Stanford University, where he focuses on monetary policy and markets. (Reuters photo)
5 / 6Kevin Hassett: Kevin Hassett, chair of the White House National Economic Council, is a longtime Trump adviser and one of the administration’s most visible economic voices. He previously served as an economic adviser during Trump’s first term. Known for defending the administration’s economic agenda, Hassett’s close relationship with Trump and policy alignment could strengthen his chances for the top Federal Reserve position. (Reuters photo)
6 / 6Rick Rieder: Rick Rieder, a senior managing director at BlackRock, brings extensive financial markets experience. He has worked in investment management since 1987 and joined BlackRock in 2009, where he oversees roughly $2.4 trillion in fixed-income assets. Rieder’s background in global finance and deep market insight position him as a candidate who could connect Federal Reserve policy with real-world investment conditions. (Reuters photo)
