The list of candidates for the position of US Federal Reserve chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, CNBC reported on Friday, citing sources.
According to senior Treasury officials, the remaining list of candidates includes current Fed vice chair for supervision Michelle Bowman and Fed Governor Christopher Waller, along with Kevin Hassett, the director of the National Economic Council, former Fed Governor Kevin Warsh, and BlackRock Fixed Income CIO Rick Rieder.
The media outlet noted that the successful candidate could be nominated to the Fed, though not necessarily as chair, by January 2026.
The Treasury Department plans to hold another round of interviews with all five candidates in the coming weeks and months.
Officials have stated that the interview process might not be finished until after Thanksgiving.
The Treasury Secretary will then send a smaller list to President Trump, who will make the final decision.
The successful candidate will likely be nominated first to be a Fed governor and then nominated later to be Fed chair.