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President Trump Has Three Names in Mind to Replace Fed Chair Jerome Powell

by Economic Report
September 6, 2025
in News, Original
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Kevin Hassett
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President Donald Trump laid out his preferences for the Federal Reserve’s top job on Friday, naming three individuals he sees as strong contenders to take over from Jerome Powell when the current chair’s term expires in May 2026.

In a direct exchange with reporters, Trump outlined his thinking: “I am considering former Fed board member Kevin Warsh, current Fed board member Christopher Waller, and National Economic Council Director Kevin Hassett for the role.”


  • The Silver Boom Was Inevitable — It Belongs in Your Safe or Backing Your Retirement


The timing of this disclosure aligns with mounting frustration over the Fed’s recent decisions. Trump has not held back in expressing his dissatisfaction with Powell, whom he appointed in 2017 but later accused of moving too slowly on rate cuts. Just this week, following a disappointing jobs report, Trump took to Truth Social to label Powell “Jerome ‘Too Late’ Powell,” arguing he “should have lowered rates long ago.”

Critics within Trump’s circle, including Treasury Secretary Scott Bessent, have echoed this sentiment, pointing to the central bank’s policies as a drag on growth amid cooling inflation and sluggish hiring. Bessent himself was once in the mix for the chairmanship but has chosen to stay put at Treasury, clearing the path for these other names. With Powell’s departure on the horizon, Trump’s shortlist signals a push toward appointees who could align more closely with an agenda prioritizing rapid economic expansion.

Among the frontrunners is Kevin Hassett, currently steering the National Economic Council as its director. Hassett brings a wealth of experience from his time in Trump’s first term, where he chaired the Council of Economic Advisers from 2017 to 2019. During that stint, he championed tax cuts and deregulation as engines for job creation and wage growth, often clashing with establishment economists who favored more cautious fiscal paths. A conservative thinker with roots in academia—he taught economics at Columbia University—Hassett has long argued for policies that unleash private sector potential without overreliance on government intervention.

Trump’s nod to Hassett in the quote highlights a trusted insider who understands the president’s vision for America First economics. If selected, Hassett could steer the Fed toward a more accommodative stance on rates, potentially easing borrowing costs for businesses and families at a pivotal moment for recovery.

Kevin Warsh, the former Fed board member referenced in Trump’s remarks, offers a blend of insider knowledge and independent streak that could appeal to those seeking reform at the central bank. Warsh served on the Federal Reserve Board of Governors from 2006 to 2011, a period that included the height of the financial crisis. There, he played a key role in crisis response but also voiced concerns about the Fed’s growing balance sheet and its drift into fiscal territory, advocating for a return to core monetary functions.

Before joining the Fed, Warsh worked as a special assistant to President George W. Bush on economic policy and later at Morgan Stanley. Now a distinguished visiting fellow at Stanford’s Hoover Institution, he has been floated as a Fed chair candidate before, including in 2017 during Trump’s initial search. By including Warsh in his shortlist, as Trump explicitly stated, the president appears to value someone with proven crisis chops who might prioritize transparency and restraint over expansive interventions—qualities that could temper the Fed’s recent rate-hiking fervor.

Rounding out the trio is Christopher Waller, the current Fed board member whom Trump himself nominated in 2020. Waller’s path to the central bank was unconventional for a governor: a Midwestern economist with a blue-collar upbringing, he spent years as a professor at Notre Dame and as executive vice president at the Federal Reserve Bank of St. Louis, focusing on monetary theory and payments systems.

Unlike some ivory-tower academics, Waller’s practical bent—rooted in degrees from Washington State University and early work in rural banking—has made him a voice for real-world economic pressures. His inclusion in Trump’s quoted list suggests continuity with past appointments, but also an opportunity for elevation. As someone already embedded in the Fed’s structure, Waller could facilitate a smoother transition while potentially advocating for the rate relief Trump has demanded.


  • The Silver Boom Was Inevitable — It Belongs in Your Safe or Backing Your Retirement


This selection process reflects broader tensions between the White House and the Fed, where Trump’s push for lower rates clashes with Powell’s data-dependent approach. Each of these candidates—Hassett with his policy advocacy, Warsh with his governance experience, and Waller with his institutional insight—brings elements that could reshape monetary policy in ways more attuned to the administration’s goals.

As the May deadline approaches, the choice will carry weighty implications for everything from mortgage rates to stock markets, underscoring Trump’s determination to imprint his economic priorities on one of the nation’s most powerful institutions.

NOQ Report





How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker

In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.

The Ideal Prep: Building Your Own Food Empire

The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.

This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.

The Reality Check: Not Everyone Can Homestead

But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.

That’s where the frustration sets in. You want to be prepared, but without a homestead or bunker, how do you ensure your pantry doesn’t run dry during a prolonged crisis? The good news is, you don’t have to sacrifice your preparedness goals. There’s a smart, accessible alternative that bridges the gap: investing in high-quality, long-term storage food.

The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest

Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.

At Heaven’s Harvest, they specialize in premium survival food kits that make preparedness effortless. Their products are crafted with the prepper mindset in mind: non-GMO, made in the USA, and packed with real ingredients that taste like home-cooked meals, not bland rations. Whether you’re stocking up for a short-term blackout or a long-haul SHTF event, our kits offer:

  • Extended Shelf Life: Up to 25 years of storage, so you can buy once and forget about rotation worries.
  • Nutritional Balance: High-protein entrees, fruits, vegetables, and dairy alternatives to keep your energy up and health intact.
  • Ease of Preparation: Just add water, and you’ve got hearty meals like beef stroganoff, chili mac, or cheesy lasagna ready in minutes—no garden weeding required.
  • Customizable Options: From individual buckets to family-sized kits, scale your supply to fit your needs and budget.
  • Peace of Mind: Sealed in durable, waterproof containers that protect against pests, moisture, and light.

Unlike generic store-bought cans that spoil quickly or lack variety, Heaven’s Harvest focuses on quality and sustainability. Our food is freeze-dried or dehydrated to lock in flavor and nutrients, ensuring you’re not just surviving but thriving. And for those concerned about allergens or dietary preferences, we offer gluten-free and vegetarian options to keep everyone covered.

Why Wait? Secure Your Food Supply Today

Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.

Visit Heaven’s Harvest today and use code “PATRIOT” for an exclusive discount on your order. Don’t let limitations hold you back; build your resilient future, one meal at a time. Your family will thank you when it matters most.

Tags: EconomyFederal ReserveJerome PowellLedeTop Story

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