{"id":46173,"date":"2025-07-15T17:00:59","date_gmt":"2025-07-15T14:00:59","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=46173"},"modified":"2025-07-15T16:40:23","modified_gmt":"2025-07-15T13:40:23","slug":"fed-chair-succession-process-trump-influence","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fed-chair-succession-process-trump-influence\/","title":{"rendered":"Is FED Chair Jerome Powell Out? Fed Chair Race Begins"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>U.S. Treasury Secretary Scott Bessent<\/strong> announced in a Bloomberg Television interview that the formal process has begun to find a successor to <strong>Jerome Powell as Federal Reserve<\/strong> Chair. The statement came during a televised conversation on Bloomberg TV.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Bessent stated, \u201cThere are many strong candidates. We\u2019ll see how things develop depending on the pace of the process.\u201d Meanwhile, current Fed Chair Jerome Powell\u2019s term is set to end in <strong>May 2026<\/strong>. However, Bessent emphasized that reappointing Powell at the end of his term could cause confusion in the markets. He also noted that the pace of the process would directly depend on Trump\u2019s decisions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In financial circles, Powell\u2019s potential reappointment has long been debated. In recent months, increasing political pressure and disagreements over monetary policy have further intensified these discussions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">Trump Pressures Powell: Political Tension Grows<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>U.S. President <a href=\"https:\/\/coinengineer.net\/blog\/trump-powell-must-go-bitcoin-eases-pressure-on-the-dollar\/\">Donald Trump<\/a><\/strong> has been one of the voices accelerating the process, stating that Powell should leave office. <strong>Trump<\/strong> argued that the Fed\u2019s failure to cut interest rates on time has harmed the U.S. economy.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As political pressure mounts, uncertainty is also building in the financial markets. According to <a href=\"https:\/\/polymarket.com\/event\/will-trump-remove-jerome-powell?tid=1752586650358\"><strong>Polymarket data<\/strong><\/a>, names such as Kevin Warsh, Kevin Hassett, and Scott Bessent are emerging as leading candidates for the next Fed chair.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">All three are known figures in public discourse regarding economic policy. Bessent&#8217;s current position and influence in the markets place him at the top of the list. <strong>Despite Powell\u2019s term lasting until 2026<\/strong>, the early search for a successor signals the <strong>White House&#8217;s<\/strong> intention to be more directly involved in monetary policy.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile, an official timeline for the process has not yet been released. However, sources indicate that the list of candidates will be narrowed down in the coming months. The race for the Fed chair is not only capturing the attention of financial circles but also directly impacting politics. Ultimately, the direction of U.S. monetary policy will play a critical role for markets ahead of the presidential election.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As the selection process continues, investors will closely monitor every development.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Treasury Secretary Scott Bessent announced in a Bloomberg Television interview that the formal process has begun to find a successor to Jerome Powell as Federal Reserve Chair. The statement came during a televised conversation on Bloomberg TV.\u00a0 Bessent stated, \u201cThere are many strong candidates. We\u2019ll see how things develop depending on the pace of<\/p>\n","protected":false},"author":36,"featured_media":36455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[20712,20704,20715,20711,20705,20710,20709,20714,20713,20706,20708,20707,18619],"class_list":["post-46173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-bloomberg-bessent-interview","tag-fed-chair-race","tag-fed-leadership-race","tag-fed-term-2026","tag-jerome-powell-exit","tag-kevin-hassett-fed","tag-kevin-warsh-candidate","tag-monetary-policy-shift","tag-powell-term-end","tag-scott-bessent-nominee","tag-trump-economic-pressure","tag-trump-powell-clash","tag-us-monetary-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is FED Chair Jerome Powell Out? 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