However, other candidates will be interviewed in the coming weeks, Bloomberg Reported on the basis of discussions with two administration officials. Potential candidates include the economic adviser of President Donald Trump Kevin Hassett, Fed -Gouverneur Christopher Waller, economist Marc Sumerlin and former FED officials Kevin Warssh and James Bullard.
The function of the FED chair is expected to be opened in May next year when the period of Jerome Powell ends. Powell could stay on the Board of Directors until 2028. Sources say that Trump, who put Powell under pressure to resign about the concern that the rates are too high, can announce his choice for the new chairman this fall. The candidate could serve as a president of the shadow -fed, who influences markets before officially taking the position.
Waller and Bowman, both Trump -arranged, were not even on the Federal Open Market CommitteeThe last meeting of preference for a rate reduction instead of maintaining the current levels. Bowman, appointed as the FED in 2018, was appointed vice chairman of Supervision earlier this year.
Jefferson, appointed as the Fed Board in 2022 and made Vice chairman in 2023 by the Biden administration with two -part support, and Logan, who became president in 2022, expressed both support to keep the rates stable.
At the end of July, the FED rates had to reach 4.25% to 4.5% at a range. Market participants expect a rate reduction in September.
Fed recent changes include the resignation of governor Adriana D. Kugler on 8 August. She joined the board in September 2023, with her term of office in January 2026. Trump nominated Stephen MiranHis top economic adviser, to fill the vacancy, awaiting the senate confirmation.
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