Trump has started interviews for the presidency of the Fed.

President Trump Shaping the Future of the Fed

U.S. President Donald Trump announced that he has begun interviews for a replacement for Federal Reserve (Fed) Chairman Jerome Powell, whose term will end in 2024. Speaking to reporters after a meeting in the Oval Office with Saudi Crown Prince Mohammed bin Salman (MBS), Trump stated that they are evaluating new presidential candidates.

Interview Process and Candidates

Trump emphasized that the interviews for selecting the next Fed chairman have commenced. In his statement, it was notable that Trump refrained from providing details about who he has met with. However, he hinted, “I think you already know my preference.” He added that he had previously discussed this matter with Treasury Secretary Scott Bessent, but Bessent is not seeking the position.

Standard and Surprise Candidates

Trump recalled that various names have been discussed during the current interview process, indicating that some have been...