The Trump administration is casting a "wider net" in the search for a successor to the Federal Reserve Chairman.

date
13/08/2025
According to Politico, officials in the Trump administration are expanding the list of candidates to replace Federal Reserve Chairman Powell next year, looking for someone who can both win the trust of the president and the financial markets. A government official, who declined to be named, revealed that the candidates being considered include: current Federal Reserve Vice Chair Jay Powell and Bowman; Dallas Fed President Logan; former St. Louis Fed President Brad and macroeconomic advisor Summerlin. The official indicated that more candidates from the private sector may also be considered. These candidates will be added to a list that already includes White House National Economic Council Director Hassett, former Fed Governor Warsh, and current Fed Governor Waller. This list suggests that officials are aiming to provide a diverse range of choices to replace Powell to Trump.