Group 1 - Current Federal Reserve Chairman Jerome Powell is facing pressure from President Trump, who is considering nominating a successor to weaken Powell's influence before his term ends in May 2024 [1] - Two Republican candidates named "Kevin" are competing for the next Federal Reserve Chair position, with Kevin Hassett emerging as a strong contender against Kevin Warsh [1][3] - Hassett has shifted his stance and is now open to accepting the Federal Reserve Chair position, having met with Trump multiple times in June [3] Group 2 - Hassett has become a vocal critic of Powell, accusing him of making decisions based on partisan bias rather than economic data [3] - Warsh, who has been a candidate for the position for years, is also actively seeking meetings to discuss the role, indicating his continued interest [3][4] - Warsh is attempting to pivot from his previous support for hawkish monetary policy to a more collaborative approach with Treasury Secretary Mnuchin [4] Group 3 - Warsh's connections in the financial elite and his media presence may give him an edge over Hassett, who has been more aligned with Trump's inner circle [5] - Treasury Secretary Mnuchin is in a unique position to influence the selection of the next Federal Reserve Chair, as Trump has expressed interest in having him take on both roles [5]

Group 1 - The competition for the next Federal Reserve Chair is intensifying, with Kevin Hassett and Kevin Warsh as the main contenders [1][2] - Hassett's momentum is rising, having met with President Trump multiple times, while Warsh faces skepticism due to his earlier popularity and "hawkish" stance [2][4] - Treasury Secretary Mnuchin is also rumored to be interested in the Fed Chair position, with suggestions of him potentially holding both roles [2][9] Group 2 - Hassett, a seasoned economist with a strong academic background, has shifted his stance to align more closely with Trump's views, becoming a vocal critic of current Fed Chair Powell [3][4][5] - Warsh, with a high-profile financial background, is attempting to reshape his "hawkish" image and has proposed aggressive rate cuts in collaboration with Mnuchin [6][7] - Mnuchin's dual role as an advisor and potential candidate adds complexity to the selection process, with his comments possibly exacerbating divisions within the Fed [8][9] Group 3 - Trump's dissatisfaction with Powell has fueled the search for a new Fed Chair, emphasizing the need for rapid interest rate cuts to support economic growth [10][11] - The expectation for the next Chair to prioritize rate cuts is clearer than during Trump's first term, raising concerns about the potential impact on Fed independence and inflation expectations [11]

Core Viewpoint - The article highlights that Kevin Hassett, the Director of the National Economic Council, is a strong contender to become the next Chair of the Federal Reserve, having met with President Trump in June [1] Group 1 - Kevin Hassett is identified as a potential candidate for the Federal Reserve Chair position [1] - The meeting between Hassett and Trump in June indicates political support for his candidacy [1]

Core Viewpoint - Federal Reserve Governor Waller's sudden support for a rate cut in July has sparked speculation about his potential candidacy for the position of "shadow chairman" of the Federal Reserve [1] Group 1 - Waller is seen as a dark horse candidate for the Federal Reserve chair position next year, as noted by Nick Timiraos, who is referred to as the "voice of the Federal Reserve" [1] - Waller's assertion that "inflation is not the most pressing concern at the moment" is viewed as a strategic move, especially as tariff impacts become more apparent [1] - Unlike other potential candidates, Waller has not consistently maintained hawkish rhetoric over the past decade, which aligns well with a president who favors dovish policies [1] Group 2 - Waller does not carry the burden of "two misjudgments on inflation" that the current chair does, which may benefit his candidacy [1]

Group 1 - The article highlights that U.S. Treasury Secretary Janet Yellen is considered a strong contender for the next Federal Reserve Chair position [1]