Trump could make a decision on a new Fed chair 'before Christmas.' See who's on the short listNEWS | 03 December 2025President Donald Trump could name his nominee for the next Federal Reserve chair by the end of the year. White House economic advisor Kevin Hassett (left) and Fed Gov. Christopher Waller are leading prediction markets.
President Donald Trump could name his nominee for the next Federal Reserve chair by the end of the year. White House economic advisor Kevin Hassett (left) and Fed Gov. Christopher Waller are leading prediction markets. AP and Getty Images
President Donald Trump could name his nominee for the next Federal Reserve chair by the end of the year. White House economic advisor Kevin Hassett (left) and Fed Gov. Christopher Waller are leading prediction markets. AP and Getty Images
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President Donald Trump is checking his list of potential Federal Reserve chairs twice.
Treasury Secretary Scott Bessent, who has been leading the search, said that Trump could name his nominee to replace Fed Chair Jerome Powell by Christmas.
"I think there's a very good chance that the president will make an announcement before Christmas," Bessent told CNBC in late November. "But it's his prerogative, whether it's before the Christmas holidays or in the new year. But I think things are moving along very well."
No matter who Trump selects, Bessent said he wants a less prominent central bank.
"I think it's time for the Fed just to move back into the background, like, it used to do, calm things down and work for the American people," Bessent said.
Powell's term expires next May, but hasn't stopped the White House from aggressively searching for his replacement.
Here are the five finalists.Author: Never Miss A Story. Brent D. Griffiths. Enter Your Email. Follow Authors. Source
