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Kevin Hassett

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

by Economic Report
September 6, 2025

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 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.

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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.

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.

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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.

The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.

For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.

Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

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