Core Viewpoint - The article discusses the potential candidates for the next Chair of the Federal Reserve, as indicated by President Trump, who has expressed dissatisfaction with the current Chair, Jerome Powell, and is considering new candidates for the position [3][6]. Candidate Selection Process - The candidate list for the Federal Reserve Chair has been narrowed down from 11 to 5 individuals, with interviews ongoing. The final decision is expected to be made before Christmas [5][10]. - Current candidates include Christopher Waller, Michelle Bowman, Kevin Warsh, and Kevin Hassett, with Hassett being viewed as the frontrunner with a 47% probability of being appointed [7][9]. Criticism of Current Policies - Candidates have publicly criticized the current Federal Reserve policies, with Kevin Warsh stating that the Fed is hindering stronger economic growth and calling for a reduction in the balance sheet and interest rates [9]. - Hassett also echoed similar sentiments, suggesting that the Fed has made several policy mistakes and should return to an independent, data-driven approach [9].

Core Viewpoint - President Trump has identified a suitable candidate for the next Federal Reserve Chair and aims to make a decision before Christmas [2][4]. Candidate Selection Process - The candidate list has been narrowed down from 11 to 5, with further interviews planned [4]. - The final three candidates are expected to meet with Trump in mid-December, with a decision anticipated before Christmas [4]. Leading Candidates - Current Federal Reserve Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, and White House National Economic Council Director Kevin Hassett are among the candidates [4]. - Kevin Hassett is currently viewed as the frontrunner, with a 47% probability of being appointed as the next Fed Chair according to political betting site Polymarket [5][6]. Criticism of Current Fed Policies - Trump has expressed dissatisfaction with current Fed Chair Jerome Powell, particularly regarding the pace of interest rate cuts [5]. - Former Fed Governor Warsh criticized the Fed for hindering economic growth and called for a reduction in the balance sheet and interest rates [7]. - Hassett also criticized the Fed's policy decisions and suggested a return to data-driven policy approaches [7].