TIPSHEET
Scott Bessent: New Fed Chair to be Named By Christmas
Dmitri Bolt | November 27, 2025 10:00 AM

According to the Treasury Secretary Scott Bessent, President Trump should have a decision on who will replace Jerome Powell as the Chair of the Federal Reserve by Christmas.
Kevin Hassett, the Director of the National Economic Council of the United States, is currently seen as the frontrunner, although Bessent said that President Trump has one interview left to conduct.
“I think there’s a very good chance that the president will make an announcement before Christmas,” Bessent said. “But it’s [Trump’s] prerogative, whether it’s before the Christmas holidays or in the new year. But I think things are moving along very well.”
The five finalists for the role include Hassett, former Fed Governor Kevin Warsh, current Fed Governors Christopher Waller and Michelle Bowman, and Rick Rieder, the chief investment officer of global fixed income at BlackRock.
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READ MORE: https://townhall.com/tipsheet/dmitri-bolt/2025/11/27/new-fed-chair-to-be-named-before-christmas-n2666998
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