Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year

Two current Fed governors and BlackRock executive Rick Rieder join a shortlist that includes front-runners Kevin Warsh and Kevin Hassett.

U.S. President Donald Trump said a decision on the next Federal Reserve chair might be made by the end of the year.

National Economic Council Director Kevin Hassett, former Fed governor Kevin Warsh, current Fed governors Christopher Waller and Michelle Bowman, and BlackRock executive Rick Riede

President Donald Trump has a final five to replace Fed Chair Jerome Powell. Trump's final decision could come before the end of 2025.

Treasury Secretary Scott Bessent on Monday confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five Trump himself told reporters that he anticipates naming a replacement by the end of the year,

Treasury Secretary Scott Bessent on Monday confirmed the names of five finalists to succeed Federal Reserve Chair Jerome Powell, with the president expected to decide by the end of the year. The candidate pool has narrowed to current Fed board members Christopher Waller and Michelle Bowman,