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White house Eyes Potential Replacements For Federal Reserve Chair
The White House is reportedly considering a list of potential candidates to succeed US Federal Reserve Chair Jerome Powell. This list, according to recent reports, includes several prominent figures from the financial sector.
The current list of potential candidates includes eleven individuals. Two government employees were referenced by CNBC in recent reports.
Among the new names on the list are David Zervos, the chief market strategist at investment bank Jefferies, and Rick Rieder, the investment manager for global bonds at Blackrock. Also included is former Fed governor Larry Lindsey.
US President, who has been a vocal critic of Powell, is keen on finding a successor who will prioritize interest rate cuts. President Trump’s term ends in May 2026.
US Finance Minister Scott Bessent is currently putting together this list of potential candidates. Some of the names being considered include Kevin Hassett, the director of the National Economic Council, and former Fed governor Kevin Warsh.
Also on the list are current Fed governor Christopher Waller and Marc Sumerlin, the former economic advisor to George W. Bush. James Bullard, the former head of the St.Louis regional Fed branch, is also being considered.
According to CNBC, Fed Vice-President Michelle Bowman and other prominent figures like Philip Jefferson and Lorie Logan, the President of the Fed branch of dallas are also being considered.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Consult with a qualified financial advisor before making any investment decisions.
Frequently Asked Questions
Q: Who is the current chair of the Federal Reserve?
A: Jerome Powell currently holds the position.
Q: When does Jerome Powell’s term end?
A: His term concludes
