Core Viewpoint - Trump is increasingly dissatisfied with the Federal Reserve's inaction on interest rate cuts, prompting him to consider announcing his choice for the next Fed chair earlier than expected [1][2]. Group 1: Potential Candidates - Trump is considering several candidates for the next Fed chair, including former Fed governor Kevin Walsh, National Economic Council director Hassett, Treasury Secretary Mnuchin, former World Bank president Malpass, and current Fed governor Waller [1][2][6]. - Walsh is viewed as a leading contender, having previously discussed the position with Trump, while Hassett has expressed disinterest in the role [3][5]. - Mnuchin's ability to navigate chaotic tariff policies has made him popular on Wall Street, and he has not ruled out the idea of becoming Fed chair [5][6]. Group 2: Implications of Early Announcement - Announcing a new Fed chair earlier than the usual transition period could allow the nominee to influence market expectations regarding future interest rate paths [2][7]. - However, this approach carries risks, as the incoming chair may face challenges in publicly criticizing future Fed colleagues and could be perceived as a sycophant by market participants [7][8]. Group 3: Current Fed Chair's Position - Current Fed chair Powell has reiterated that political considerations will not influence Fed decisions and emphasized a cautious approach to potential rate cuts [2][10]. - Powell has not indicated whether he will leave the Fed board after his term ends, focusing instead on maintaining economic strength and controlling inflation [10].