Amid increasing tensions between President Trump and Federal Reserve Chairman Jerome Powell, discussions about a potential replacement for Powell are intensifying. Treasury Secretary Scott Bessent has confirmed that a formal process for selecting a successor has already begun, despite his previous efforts to dissuade Trump from firing Powell. Names like Kevin Hassett are emerging as frontrunners in the search for a new Fed chair, with the betting markets also reflecting this heated competition. Concerns linger over how the next chair can maintain Fed independence while aligning with Trump’s economic motives. As the financial community braces for potential changes, many are questioning the implications of a politically influenced Federal Reserve.