#WhoIsNextFedChair As of January 2026, the question of who will succeed Jerome Powell as Federal Reserve Chair is a central focus for markets, as Powell's term is set to expire in May 2026.
While an official nomination has not yet been finalized, President Donald Trump has indicated that an announcement is imminent, following public criticism of Powell's leadership at the World Economic Forum in Davos.
Treasury Secretary Scott Bessent has identified four finalists currently under consideration:
Kevin Warsh: A former Federal Reserve Governor who is currently the frontrunner in prediction markets with odds around 58–62%.
Kevin Hassett: An economist and former Trump advisor.
Christopher Waller: A current member of the Federal Reserve Board of Governors.
Michelle Bowman: A current member of the Federal Reserve Board of Governors."