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Bessent Names Fed Chair Finalists Ahead of Year End Decision
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The US Treasury Secretary has narrowed down the list of potential candidates to succeed Federal Reserve Chair Jerome Powell to five finalists, with a decision expected by year-end. The finalists include current and former Fed officials, as well as a BlackRock executive. Further interviews are planned before presenting the names to President Trump.
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Article Context
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Treasury Secretary Scott Bessent confirmed the names of five finalists to succeed Federal Reserve Chair Jerome Powell, with the president saying he expected to make his decision by year-end. The candidate pool has narrowed to current Fed board members Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, White House National Economic Council Director Kevin Hassett and BlackRock Inc. executive Rick Rieder. Bessent, however, reiterated that he’s planning to do a further round of interviews before presenting the names to President Trump. Bloomberg's Michael McKee joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break the list down. (Source: Bloomberg)
Original article published by
Bloomberg
on October 27, 2025.
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