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Fortune

Eleanor Pringle

Rate debate among the Fed has analysts questioning who’s ‘auditioning’ for Powell’s job already

Jerome Powell Jay Powell Chris Waller Donald Trump US Federal Reserve Kevin Warsh Michelle Bowman Austan Goolsbee Jeremy Siegel The Board of Governors

Jerome Powell, chairman of the US Federal Reserve. (Credit: Al Drago/Bloomberg - Getty Images)

ANALYSIS: With Jerome Powell’s term as Federal Reserve chairman nearing its end, President Trump and analysts are speculating on potential successors, focusing on candidates like Chris Waller, Michelle Bowman, and Kevin Warsh—many of whom have to some extent advocated for interest rate cuts, aligning with Trump’s preferences. Observers add that while this push for a cut may be political positioning, the FOMC already appears to be shifting toward a more dovish stance on the base rate.

Jerome Powell may have a little under a year left as the chairman of the Federal Reserve, but analysts—and President Donald Trump—have already narrowed their gaze on a handful of candidates to replace him.

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