The extended words rapped 5 monsters of Powell’s career

US Treasury Secretary Scott has narrowed his short list of candidates to replace Federal Reserve Chairman Powell to five people, Wall Street sources say.

Some have connections to the central bank and the White House, while another is a Wall Street powerhouse.

President Donald Trump emphasized his verbal criticism of Powell for not taking interest quickly or going deep enough, calling the chairman “among other things in postings on social media and in public. Bessent plans to Truck Trump to the candidates, although Powell’s term expires on May 15, 2026.

FOX Business is looking at contributors ahead of the Federal Reserve’s October meeting where the Federal Reserve’s expected rate cut follows a similar move made in September at the September meeting. Markets are also expecting another rate cut at the Fed’s next meeting in December.

Here is the alphabetical list.

Michelle Bowman

The Federal Reserver’s LAST FRIEND, who served as the seat of the Fed’s oversight, became one of the first opponents in the July meeting, in favor of the rate, while the central bank left rates unchanged. He has also made his case for the prices to come at the end of the year.

Kevin Hassett

Hassett is on his second run through the Trump cycle. He is the national chair of the Economic Council. EPremp Administration He is a senior adviser and chairman of the Council of Economic Advisers. Both agencies work closely with the White House on economic policies. Hassett said the latest consumer spending data, which showed an annual increase of 3%, was lower than expected, but signaled spending is falling.

“Our expectation is that inflation is going to be negative and that will take all the pressure on the Fed to continue down the path that Varney and Fox Business Network’s Varney & Co.

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, 2025. Hassett said he will be drawn to China Trade talks today, Addin (Allison Robbert/Bloomberg via Getty Images/Getty Images)

The expected high rate comes with some central bank constraints

Rick rieder

Chief Investment Officer of Global Fixed Income Broadband, Overseeing $3.2 Trillion in client assets for the World’s Largest Asset Manager, with $10 Trillion under management. During an interview with Fox Business’ Liz Claman in August, Reder was asked about being considered for the role.

“When I first heard that, I thought it would be the greatest honor in my life. I mean that I was looked at in the area, and I think why copying has a powerful force, and I think why serving your country is a skill, through economic transfer, it means a powerful force,” he said.

Chevron CEO TOUTS ENED ENEDECEEND

Christopher Waller

Waller, like her colleague Michelle Bowman, was also among the opposition in July. The duo signaled a growing division within the Federal Reserve that has come under fire for waiting too long to cut inflation and a sluggish labor market.

Waller, Bowman describes the errors between pressure fed

Christopher Waller, (Al Dragon/Bloomberg via Getty Images/Getty Images)

Kevin Warsh

The former Federal Reserve governor, who is one of the main opponents of the Fed chair, has been a long-time critic of the central bank.

“I think their record is really poor in predicting economic growth with policies like this being the most effective pricing among us.

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FOX Business’ Eric Repell updated this report.