Who Will Succeed Fed Chair Jerome Powell? Here Are the Top Contenders

The search for a replacement for Federal Reserve Chair Jerome Powell is underway at the White House. While President Donald Trump has confirmed that Powell will not be fired ahead of his term expiring in May 2026, senior administration officials have started pursuing candidates to lead the U.S. central bank for the next four years. Trump and his team have not identified who these individuals are, with Treasury Secretary Scott Bessent telling the press that there are good internal and external candidates. “There’s a formal process that’s already starting,” Bessent told Bloomberg Television on July 15. “There are a lot of good candidates inside and outside the Federal Reserve.”...