It’s a virtual three-way tie to replace Fed Chair Jerome Powell as Fed chair when his term expires.
The CNBC Fed Survey found 24% of respondents saying President Donald Trump will replace Powell with Treasury Secretary Scott Bessent and 24% saying it will be former Fed Governor Kevin Warsh.
Close behind is Kevin Hassett, director of the president’s National Economic Council with 22%. More distant is current Fed Governor Chris Waller at 14%.
Trump repeatedly has called for Powell’s resignation, saying he’s been late to cut interest rates, and has considered firing him.
He’s also accused the Fed chair of mismanaging a $2.5 billion renovation of its headquarters and a separate building, a charge Powell has denied and for which the president has provided no evidence beyond the cost overruns.
