Trump Shortlists Hassett, Warsh, and Waller as Top Picks for Fed Chair

President Donald Trump had initially considered Treasury Secretary Scott Bessent as a finalist but Bessent preferred to remain in his current role.

National Economic Council Director Kevin Hassett speaks to reporters at the White House on April 14, 2025. Kevin Lamarque/Reuters

President Donald Trump confirmed on Sept. 5 his top three candidates to succeed Federal Reserve Chair Jerome Powell when his term ends in May next year.

Speaking to reporters, Trump said he is considering former Fed board member Kevin Warsh, current Fed board member Christopher Waller, and National Economic Council Director Kevin Hassett for the role.