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Trump signalled he has already decided who next Fed Chair will be, but doesn’t drop a name

President Trump signalled he has likely settled on his preferred candidate for the next Federal Reserve chair, telling reporters in the Oval Office, “I think I already know my choice,” though he declined to say who it is.

The Wall Street Journal with the snippet. Adding:

  • Treasury Secretary Scott Bessent has been conducting interviews with contenders to replace Jerome Powell when his term ends next year.
  • Bessent told Trump that he will soon meet the finalists for the role.
  • Those in the running include National Economic Council Director Kevin Hassett and former Fed governor Kevin Warsh.

Separately, Fox ‘news’ cites Bessent saying trump might name the new Fed Chair prior to Christmas.

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