Trump may announce a new Federal Reserve chair before Christmas — here are the leading candidates

Trump’s possible Fed chair decision

President Donald Trump is expected to announce his choice to replace Federal Reserve Chair Jerome Powell by the end of the year. The decision could come “before Christmas,” according to people close to the process.

The shortlist under review

Several names are reportedly under consideration for the position. These include experienced economists and former government officials known for their views on monetary policy and interest rates. Discussions center on finding a candidate who aligns with Trump’s economic agenda and focus on growth.

What’s at stake

The nomination will shape the direction of the central bank, influencing inflation management, employment, and financial stability over the coming years. Powell’s current term is set to expire soon, prompting speculation about how his successor might adjust the pace of interest rate cuts or tighten oversight of banks.

"The post-Powell era at the Fed will determine not just the path of interest rates but also the broader tone of U.S. monetary policy," one analyst noted.

Political and economic implications

Trump’s pick is expected to reflect his criticism of the Fed’s previous rate policies and his preference for a more growth-oriented strategy. The selection process underscores the significance of central banking leadership amid a shifting economic landscape.

Author’s summary: Trump may reveal Jerome Powell’s successor as Fed chair before Christmas, shaping future U.S. monetary policy and signaling his economic priorities.

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Business Insider Business Insider — 2025-11-25

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