-
As regime change looms at the Fed, one candidate emerges as frontrunner for chair
President Donald Trump knows who he’s going to select as the next Federal Reserve chair but isn’t saying yet. Prediction markets have their minds made up, but the front-runner also is playing it coy. While that part of the mystery appears ready to clear up in the coming weeks, what’s far less certain is the type of environment the new central bank leader will face at a potential crossroads for the U.S. economy. National Economic Council Director Kevin Hassett has been dubbed the clear favorite, buoyed by a Bloomberg News report last week that handicapped the five-person race to succeed current Chair Jerome ... (full story)
- Comments / Top
- Subscribe
The Fool
Dec 2, 2025 6:53am
Permalink
devonoved
Dec 2, 2025 5:30am
Permalink
Trader#DAC9
Dec 2, 2025 5:19am
Permalink
-
Related Stories
*TRUMP REFERS TO KEVIN HASSETT AS 'POTENTIAL' FED CHAIR *TRUMP: POTENTIAL FED CHAIR IS HERE TOO *TRUMP SPEAKS AT THE WHITE HOUSE
TRUMP: WILL BE ANNOUNCING NEW FED CHAIR EARLY NEXT YEAR TRUMP: FED CHAIR SHOULD REDUCE RATES TRUMP: WE ARE GOING TO GIVE REFUNDS OUT OF THE TARIFFS
My testimony today will focus on two areas. First, the current state of the banking sector, as detailed in the fall 2025 Supervision and Regulation Report, which accompanies my submission to the Committee. Second, progress on my priorities as Vice Chair for Supervision since my confirmation earlier this year. My priorities relate to the efficiency, safety and soundness, and stability of our financial system and the effectiveness and accountability of our regulation and supervision of that system. The financial sector plays a critical role in our economy because it serves as an essential intermediary to channel savings into productive investments and enable the flow of money, credit, and capital throughout the economy. Our supervision and regulation must support a safe and sound banking system that fosters economic growth while also safeguarding financial stability. Banking Conditions Let me begin by providing an update on banking conditions. As the Supervision and Regulation Report shows, the banking system remains sound and resilient. Banks continue to report strong capital ratios and significant liquidity buffers, which position them well to support economic growth. The overall health of the banking sector is demonstrated by continued growth in lending, a decline in non-performing loans across most categories, and strong profitability. Notably though, nonbank financial institutions continue to increase their share of the total lending market, providing strong competition to regulated banks without facing the same capital, liquidity, and other prudential standards. Fed's Bowman: Working on capital and liquidity rules tied to Stablecoin Fed's Bowman: Nonbank firms increasing their share of the lending market.