Trump Short-Lists 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 Chairman Jerome Powell when his term ends in May 2026.

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