{"id":1658,"date":"2025-12-01T07:49:01","date_gmt":"2025-12-01T07:49:01","guid":{"rendered":"https:\/\/newsraise.com\/?p=1658"},"modified":"2025-12-01T07:49:01","modified_gmt":"2025-12-01T07:49:01","slug":"trump-to-announce-new-federal-reserve-chair-amid-rate-cuts","status":"publish","type":"post","link":"https:\/\/newsraise.com\/index.php\/2025\/12\/01\/trump-to-announce-new-federal-reserve-chair-amid-rate-cuts\/","title":{"rendered":"Trump to Announce New Federal Reserve Chair Amid Rate Cuts"},"content":{"rendered":"

Trump Indicates He\u2019s Chosen a Successor to Powell \u2014 And Markets React<\/strong><\/h2>\n

On November 30, the U.S. President and a rather controversial personality, Donald Trump<\/span><\/span><\/a> stated he\u2019s made up his mind about who will take over leadership of the Federal Reserve<\/span><\/span> \u2014 though he declined to reveal the name. Speaking to reporters aboard Air Force One en route to Washington, he stated simply, \u201cI know who I am going to pick, yeah \u2026 We\u2019ll be announcing it<\/em>.\u201d<\/p>\n

Trump\u2019s remarks come amid mounting pressure on the central bank to lower interest rates<\/a> \u2014 something he has frequently directed to the current Fed chair Jerome Powell<\/span><\/span>. For months, Trump has criticized Powell for not acting swiftly enough, signaling his preference for someone who will take a more aggressive stance on rate cuts.<\/em><\/p>\n

The Apparent Replacement<\/strong><\/h3>\n

According to sources familiar with the matter, his likely choice is Kevin Hassett<\/span><\/span> \u2014 the White House National Economic Council Director<\/strong> and his Chief Economic Adviser. Though Hassett declined to confirm reports that he is the frontrunner, when questioned by the media, he pointed to the favorable market response linked to speculation about his nomination.<\/p>\n

\u201cWe had a great Treasury auction, interest rates went down<\/em>,\u201d Hassett said, adding that \u201cthe American people could expect that a Fed under the president\u2019s appointee may offer cheaper car loans and more accessible mortgages.”<\/em><\/p>\n

Despite the close tie to Trump<\/a> \u2014 a factor that critics fear could compromise the Fed\u2019s independence \u2014 those backing Hassett note the ‘market movement<\/em>‘ as a silent rebuttal to concerns about Hassett’s political influence. Indeed, the potential nomination has pushed the 10-year Treasury yield briefly below 4 percent,<\/a> reflecting confidence that monetary policy could ease.<\/p>\n

\"TrumpFed Chair’s Contenders<\/strong><\/p>\n

Behind the scenes, Treasury Secretary Scott Bessent<\/span><\/span> <\/a>has overseen the selection process and reportedly plans to present Trump\u2019s final pick before the Christmas holiday. Alongside Hassett, other contenders in the running include Fed governors<\/a> Christopher Waller<\/span><\/span> and Michelle Bowman<\/span><\/span>, former governor Kevin Warsh<\/span><\/span>, and BlackRock\u2019s investment chief Rick Rieder<\/span><\/span><\/em>. Trump has also floated the Secretary, Bessent himself for the role, though the Treasury Secretary has repeatedly declined any such consideration.<\/p>\n

The nominee will still need Senate confirmation. If the candidate is new to the board, they will likely start a 14-year term in February 2026 \u2014 a standard tenure for any Federal governor. Powell\u2019s current stint<\/a> as chair concludes in May 2026, leaving the incoming chair to shape the Fed\u2019s future policy direction.<\/em><\/p>\n

With markets and investors watching closely, the final decision could completely change the perception, independence and trajectory of U.S. monetary policy<\/a> just as global economic uncertainty deepens.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump Indicates He\u2019s Chosen a Successor to Powell \u2014 And Markets React On November 30, the U.S. President and a rather controversial personality, Donald Trump…<\/p>\n","protected":false},"author":5,"featured_media":1659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[39],"tags":[1200,1191,1196,1204,1192,1193,997,1202,1201,1207,1198,1203,1199,1197,689,1190,1206,1194,1205,1195],"yoast_head":"\nTrump to Announce New Federal Reserve Chair Amid Rate Cuts<\/title>\n<meta name=\"description\" content=\"With Powell\u2019s term ending soon, Trump confirms his decision on the next Fed chair. 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