[Trump Considers Candidates for Federal Reserve Chair, Bessent and Hassett in Focus] Federal Reserve Chair Powell's term will end in May next year, and the search for the next Federal Reserve Chair is now fully underway, with five candidates vying for the position. Trump has repeatedly criticized Powell, demanding lower interest rates, and has stated he 'would love to fire him.' Trump is inclined to choose Bessent but may also consider Hassett, who has hinted at supporting Trump's significant rate-cut proposals.