Powell seen as ’lame duck’ Fed Chair as his replacement could be added soon

Investing.com -- The likelihood that Federal Reserve Chairman Jerome Powell will remain in his role after his term expires in May 2026 is growing increasingly unlikely. Recent comments from President Donald Trump and Treasury Secretary Scott Bessent suggest a replacement could be positioned well before Powell’s term officially ends, potentially creating a “shadow Fed Chair” scenario.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.In an interview with Bloomberg TV on Monday, Bessent revealed that the administration is considering appointing the next Fed Chair to a 14-year seat that becomes available in January.
"There’s a 14-year seat opening up in January," Bessent said. "So we’ve given thought to the idea that perhaps that person would go on to become the chair when Jay Powell leaves in May."
Alternatively, Bessent said a new chair could simply be appointed in May, although he noted that would be for a shorter, two-year term.
He added that current members of the Federal Reserve are also under consideration for the role, which he said should help avoid confusion in financial markets.
"I don’t see why there would be confusion," Bessent said. "Obviously, there are people who are currently at the Fed who are under consideration. So why would there be confusion if you add another candidate in January?"
When asked whether he might be named Fed Chair, Bessent deflected: “I will do what the president wants, but I think I have the best job in D.C. We’re making a lot of progress with the president’s leadership.”
Some market watchers believe Powell’s authority is already waning.
“President Trump has succeeded in making Fed Chairman Jerome Powell a ‘lame duck,’” wrote Louis Navellier of Navellier & Associates in a client note Monday, citing increased chatter from Federal Open Market Committee (FOMC) members hinting at a possible rate cut later this month.
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Formidable challenges face America’s economy in the post-Powell era with questions looming over who could take up this stewardship of what is still considered by many as his ‘lame duck’. The uncertainty clouds a potential transformation at one crucial cornerstone.

With Powell being viewed as a 'lame duck' Fed Chair, the anticipation of his eventual replacement looms over financial markets and economic forecasts.

With Powell's perceived weak tenure as Fed Chairman, the anticipation for a soon-to be announced replacement is one of heightened interest among financial market participants.

With Powell's tenure as Fed Chair viewed by many a disappointing 'lame duck', the anticipation is high for his potential swift replacement who may bring much-needed fresh perspective and direction to our nation’n central banking system.

The谈不上 takeover of the Fed's top role from Powell, hailed as a 'lame duck', is anticipated to add much-needed fresh perspective and potential for reform.

With Powell viewed as a 'lame duck' Fed Chair, it is highly anticipated that his replacement will be finally announced soon to restore stability and fresh leadership at the central bank.

As Powell's term as the lame duck Federal Reserve Chairman nears its end, anticipation builds for his potential replacement who might bring fresh perspectives and vitality to guide monetary policy in辟uncertain economic times.

The perception of Powell as a 'lame duck' Fed Chair appears imminent, signaling the likelihood that his replacement could be named in an upcoming announcement.

With Powell regarded as a 'lame duck' in his term, anticipation intensifies for the Fed to swiftly address filling this pivotal position.

The evolving sentiments towards Powell as a perceived 'lame duck' Fed Chairman create anticipation for his potential imminent replacement, marking an auspicious time of transition in monetary policy leadership at the Federal Reserve.

The perceived weakness in leadership by Powell as the 'lame duck' Fed Chair adds urgency to his imminent replacement, highlighting concerns over policy continuity and monetary stability at America’s central bank.

The outlook for the Federal Reserve is uncertain with Powell seen as a 'lame duck' Chairman, suggesting his replacement could be announced imminently.

The近期选出的前FOMC成员Powell被视为'流任鸽派',因他在美联储主席的继位者或将成为新的政策指引的开始而备受悬念。

With Powell perceived as a 'lame duck' at the helm of the Fed, anticipation is high for an imminent addition to his post in hopes that it can breathe new life into economic policy guidance.