Trump Administration Expands List of Federal Reserve Chair Candidates

The Trump administration has expanded its list of candidates to potentially replace Federal Reserve Chair Jerome Powell when his term concludes in May, according to a Wall Street Journal report. The expanded list now includes approximately ten individuals, with former St. Louis Fed President James Bullard and Marc Sumerlin, who previously served as an economic adviser to President George W. Bush, among the new additions. Treasury Secretary Scott Bessent is reportedly leading the search process.