Trump set to interview this final candidate before naming next Fed chair

Group 1 - Treasury Secretary Scott Bessent indicated that President Trump has one more interview to conduct before naming the next leader of the Federal Reserve, with Rick Rieder expected to be interviewed soon [1] - Trump has narrowed his shortlist for the Fed chair to four candidates: Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder [2] - The appointment of the new Fed chair comes at a time when high living costs are challenging Trump's economic agenda, as the Federal Reserve plays a crucial role in setting borrowing costs and influencing inflation [4] Group 2 - Kevin Hassett, currently serving as Trump's top economic adviser and director of the National Economic Council, has been a loyal defender of the administration's economic policies [5] - Kevin Warsh, a former Morgan Stanley banker, has been critical of the current Fed leadership and is positioning himself as a potential replacement for Jerome Powell [7] - Christopher Waller, a Federal Reserve Governor, has called for rate cuts, aligning with some of Trump's demands, and is recognized as the academic veteran among the candidates [8] Group 3 - Jerome Powell, appointed by Trump in 2017, is expected to complete his term in May 2026, and Trump is anticipated to announce his decision regarding the new Fed chair by the end of the month [10]