While President Trump has a list of five finalists for the next chair of the Federal Reserve, he said last week that he thinks he knows who he'll pick. "I think I already know my choice," Trump told reporters in the Oval Office regarding who will replace outgoing Fed Chair Jerome Powell,

The stock market faces significant challenges in the near term, including high valuations, a weakening economy, and dismal consumer sentiment.

Treasury Secretary Scott Bessent said Tuesday that President Trump will likely announce his pick for the next chair of the Federal Reserve before Christmas. “I think there’s a very good chance

Treasury Secretary Scott Bessent indicated that President Trump might announce a new Federal Reserve chair before Christmas, as Jerome Powell's term ends in May.

In late September, Fed Chair Powell delivered a speech in Rhode Island, where he was questioned about the variables the Fed's Board of Governors considers when making monetary policy decisions. In particular, he was asked if movements in the stock market factor into the central bank's decision-making process.

Kevin Hassett is the leading candidate to succeed Jerome Powell as Federal Reserve Chair when his term concludes in May.

Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central bank.

U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S. Federal Reserve leader, and there was a good chance President Donald Trump would announce his pick before Christmas.

With Jerome Powell's term ending in May, several candidates are in the running to become the next Federal Reserve chair.