President Trump is getting louder about replacing Fed Chair Jerome Powell—and the list of candidates is growing fast. Names like Kevin Hassett, Scott Bessent, and Kevin Warsh are being floated, with each offering sharp critiques of the current Fed’s direction. Trump has been especially vocal about wanting lower interest rates and blames Powell for not moving fast enough.
One scenario being considered: appointing Hassett to the Fed board first, then making him Chair when Powell’s term ends next May. Trump has even joked about liking Bessent more than Powell and hasn’t ruled out giving him both the Treasury and Fed jobs at once—a combo not seen since 1935.
Whoever takes the helm could shift Fed policy dramatically, especially if Trump wins re-election. With inflation, tariffs, and rate cuts all in play, gold investors should be watching closely.