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Who’s in line for the Fed’s top job? Leading contenders and what you need to know about them
The approach of 2026 is sharpening attention on one of the most consequential decisions in US economic policy: who will lead the Federal Reserve after Jerome Powell’s term ends in May. President Donald Trump has said he plans to announce his choice early next year, bringing to a head months of public criticism of Powell over interest rates and the central bank’s reluctance to ease policy more aggressively. Trump’s frustration with Powell has been a recurring theme of his presidency, with the president repeatedly arguing that lower rates are needed to boost growth, markets and employment. The looming transition ... (full story)