Trump Names Kevin Hassett as Potential Fed Chair Pick for 2026

Former U.S. President Donald Trump has announced he will nominate a new Chair for the Federal Reserve in early 2026, if he wins the November election. He identified economist Kevin Hassett as the leading candidate for the role. Trump described Hassett as a “potential” new head of the U.S. central bank. Hassett served as a top economic advisor during Trump’s previous administration. The Federal Reserve Chair is a powerful position. The person in this role sets key interest rates that influence the U.S. economy, affecting jobs, prices, and growth. The current Fed Chair, Jerome Powell, was first appointed by Trump in 2018. Powell’s term as Chair expires in May 2026, making it a key decision for the next president.