Trump Eyes 5 Fed Chair Finalists; Middle-Class Boom Ahead?

BREAKING: President Donald Trump has narrowed down his choices for the next Federal Reserve Chair, potentially signaling a major shift in economic policy aimed at revitalizing the middle class. Scott Bessent, Treasury Secretary, revealed on October 27, 2025, that Trump is considering Kevin Hassett, Kevin Warsh, Michelle Bowman, Christopher Waller, and Rick Rieder as potential successors to Jerome Powell, whose term ends in May 2026.

The urgency of this announcement cannot be overstated. Trump has expressed a strong desire to replace Powell, viewing him as a barrier to his economic ambitions, particularly as he aims to lift America’s middle class from what he describes as a decline under the Biden administration. With the economy’s health hanging in the balance, the selection of a new Fed Chair could dramatically reshape the monetary landscape.

All five candidates are recognized as inflation hawks, generally favoring lower interest rates. However, their individual approaches to Trump’s economic agenda vary significantly. Trump expects to finalize his decision by the end of the year, making this a critical time for economic stakeholders.

Kevin Hassett, formerly Trump’s chief economic advisor, stands out as a frontrunner. A staunch critic of Powell, Hassett has argued for interest rates to be at least three percentage points lower than current levels. His advocacy for policies that promote middle-class growth aligns closely with Trump’s objectives, marking him as a likely candidate to drive a pro-growth agenda.

In contrast, Kevin Warsh, a former Fed governor, has expressed skepticism about the Fed’s reliance on outdated data. He champions aggressive cuts to interest rates and has warned against the Fed’s expanding role in economic policy. Despite his pro-free trade position, his views on tariffs may not fully align with Trump’s protectionist policies.

Current Fed governors Michelle Bowman and Christopher Waller offer more caution. Bowman has indicated a preference for raising rates to combat inflation, while Waller has supported gradual adjustments to avoid overstimulating the economy. Their more conservative stances may not fully embrace Trump’s push for rapid rate cuts.

Rick Rieder, a BlackRock executive, adds a unique perspective as a private sector candidate. Although he aligns with Trump’s desire for lower rates, his focus on market growth may not prioritize middle-class interests. His emphasis on opportunity-driven economic strategies could be a double-edged sword.

The implications of this decision are enormous. With inflation concerns on the rise and the economy at a crossroads, the choice of Fed Chair will play a pivotal role in shaping fiscal policies that impact millions of American families.

As the nation awaits Trump’s final decision, all eyes will be on how these potential nominees plan to address economic challenges and support middle-class growth. This could be a defining moment for the U.S. economy, making it essential for citizens to stay informed.

The world watches closely as the future of monetary policy hangs in the balance. Follow updates on this developing story as we bring you the latest insights and reactions.