With months remaining until Fed Chair Jerome Powell’s term expires in May 2026, speculation about his potential successor has intensified.
According to the latest data from the forecast platform Polymarket, former Council of Economic Advisers Chairman Kevin Hassett stands out as the most powerful name Donald Trump could appoint as the new Fed chair.
According to the platform’s forecast data, Hassett has a 36% chance of being appointed. Current Fed member Christopher Waller is next with a 23% probability, and former Fed governor Kevin Warsh with a 16% probability. BlackRock executive Rick Rieder has a 10% probability, and economist Stephen Miran has a 5% probability of being on the shortlist.
Other names include Michelle Bowman (4%), Scott Bessent (4%), James Bullard (3%), David Zervos (2%) and Lorie K. Logan (1%).
Trump is expected to announce his nominee for the new Fed chair by the end of the year, before Powell’s term ends. The five leading candidates on the list—Hassett, Waller, Warsh, Rieder, and Bowman—are generally considered to have positive views on digital assets and the cryptocurrency market, based on their past statements and public opinions.
*This is not investment advice.