Trump’s Fed Shake-Up: Five Contenders Emerge to Replace Powell

Treasury Secretary Scott Bessent confirmed Monday that five candidates are in the running to replace Federal Reserve Chair Jerome Powell next year.

Transcript

00:00Treasury Secretary Scott Besant confirmed Monday that five candidates are in the running to replace

00:05Federal Reserve Chair Jerome Powell next year. Speaking aboard Air Force One en route to Asia

00:10with President Trump, Besant said he'll conduct a second round of interviews and present a final

00:16shortlist right after Thanksgiving. The contenders include current Fed governors Christopher Waller

00:22and Michelle Bowman, former Governor Kevin Warsh, White House Economic Advisor Kevin Hassett,

00:29and a current BlackRock executive. The lineup signals Trump's intent to reshape the Fed's

00:35direction amid renewed criticism of Powell's pace on interest rate cuts.