Trump Shakes Up the Fed: Who's Next in Line? 🇺🇸🔥 Donald T
syed Aniq musharaf
Updated at: 3 days ago
{"content":"Trump Shakes Up the Fed: Who's Next in Line? 🇺🇸🔥
Donald Trump has dropped Treasury Secretary Scott Bessent from the shortlist to replace Jerome Powell as Fed Chair after Bessent expressed his preference to stay at Treasury. Trump's watchlist now includes:
- *Potential Candidates:
- *Kevin Warsh*: Former Fed insider with experience and insight into the Federal Reserve's inner workings
- *Kevin Hassett*: Ex-White House economist with a strong background in economic policy
- *Other Contenders:* Two more mystery candidates are still under wraps
Trump's frustration with Powell is no secret, having called him a "numbskull" over rate cut delays. With Powell's term ending in May 2026, the White House is gearing up for a potential shift in leadership. Meanwhile, Bessent will focus on steering U.S.-China trade talks, with major tariffs set to hit August 12. The Fed chessboard is shifting fast, and the market is waiting with bated breath to see who'll take the reins.
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