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The list of the five final candidates for the new chairman of the Fed has been released.
Golden Finance reported that U.S. Treasury Secretary Basent confirmed on Monday that the final list of five candidates to succeed Fed Chairman Powell has been released, and stated that Trump is expected to make a decision by the end of the year. Basent told reporters aboard Air Force One on Monday that the candidate pool has been narrowed down to current Fed governors Waller and Bowman, former Fed governor Warsh, White House National Economic Council Director Hassett, and BlackRock executive Reed. Basent, who is responsible for interviewing candidates for the position, reiterated his plan to conduct a new round of interviews and hopes to submit an "excellent candidate list" to Trump after the Thanksgiving holiday. Trump himself also told reporters that he expects to make a decision on the nominees by the end of the year.