5 people who could become the next Federal Reserve chair: Trump administration picks short list to replace Jerome Powell
Powell, who has butted heads with Trump over lowering interest rates, will serve until May 2026. His successor could be named as early as December.
On October 27, Treasury Secretary Scott Bessent said that President Donald Trump has narrowed down his search to replace Federal Reserve chair Jerome Powell, whose term does not end until May 2026.
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