Trump admin now weighing 11 potential picks for Fed Chair place, officers say – One America Information Community

[ad_1] <img decoding="async" width="800" height="534" src="https://www.oann.com/wp-content/uploads/2025/08/FOR-WEBSITE-ARTICLES-2025-08-13T120142.371.png" alt="" class="wp-image-706062" srcset="https://www.oann.com/wp-content/uploads/2025/08/FOR-WEBSITE-ARTICLES-2025-08-13T120142.371.png 800w, https://www.oann.com/wp-content/uploads/2025/08/FOR-WEBSITE-ARTICLES-2025-08-13T120142.371-400x267.png 400w, https://www.oann.com/wp-content/uploads/2025/08/FOR-WEBSITE-ARTICLES-2025-08-13T120142.371-768x513.png 768w" sizes="(max-width: 800px) 100vw, 800px"/> (L) U.S. President Donald Trump speaks on August 13, 2025 in Washington, DC. (Picture by Andrew Harnik/Getty Photographs) / (R-top) David Zervos. (Picture by way of: cnbcevents.com) / (R-middle) Larry Lindsey. (Picture by way of: cnbc.com) / (R-bottom) Rick Rieder. (Picture by way of: blackrock.com)

OAN Employees Brooke Mallory1:04 PM – Wednesday, August 19, 2025

The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose time period ends in Could, together with three contenders not beforehand disclosed — based on two administration officers who spoke on situation of anonymity.

The newly revealed names are David Zervos, chief market strategist at Jefferies; former Fed Governor Larry Lindsey; and Rick Rieder, BlackRock’s chief funding officer for international fastened revenue. They be part of eight different candidates already confirmed, amongst them Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Chris Waller, and Fed Vice Chair Philip Jefferson. Additionally into account are Marc Sumerlin, former financial adviser to President George W. Bush; Dallas Fed President Lorie Logan; and former St. Louis Fed President James Bullard.

This growth comes on the heels of Monday’s report that Treasury Secretary Scott Bessent was reviewing a “shortlist of three candidates” for the Federal Reserve chairmanship. The newest disclosures recommend that the president has since expanded the sphere, including a number of extra names to consideration.

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In a latest interview with CNBC, President Trump additionally confirmed that Kevin Hassett, director of the Nationwide Financial Council, and former Fed Governor Kevin Warsh are amongst these into account as nicely.

In response to administration officers, the choice course of is “deliberative,” with Bessent set to interview every candidate, slender the sphere, and current a ultimate slate to Trump.

The expanded listing and cautious vetting course of seemingly suggests {that a} choice will not be imminent, although the officers declined to supply a selected timeline. The protracted choice course of reduces the probability of a “shadow Fed chair” being put in months forward of Powell’s departure — a situation some analysts say might “unsettle financial coverage.”

However, different market analysts have famous that the potential appointment of sure candidates on the listing might result in favorable outcomes for buyers.

Rieder’s advocacy for decrease rates of interest aligns with the administration’s objectives and has been positively obtained by many within the monetary neighborhood. Critics of Rieder, nonetheless, argue that his ties to BlackRock forged doubt on his trustworthiness, sustaining that he might be a “wolf in sheep’s clothes” regardless of projecting alignment with Trump’s agenda.

Rieder is BlackRock’s Chief Funding Officer for World Fastened Revenue. On this position, he oversees the agency’s methods and portfolios associated to bonds and different fixed-income securities worldwide. He's liable for shaping funding technique, managing danger, and guiding groups that spend money on authorities, company, and rising market debt — in addition to mortgage-backed securities.

Though Trump has regularly criticized Powell, he has tempered earlier options that he would attempt to exchange the Fed chair earlier than the top of Powell’s time period in Could. Whereas the pool of candidates consists of people advocating various levels of reform on the Fed, most share a dedication to its independence and possess substantial expertise in financial coverage and monetary markets.