Could the Federal Reserve soon have a new captain steering the ship, one more aligned with President Trump’s vision for America’s economy? Federal Reserve Governor Christopher Waller is emerging as a leading candidate to replace Chairman Jerome Powell, according to a recent Bloomberg report.
Newsmax reported that the buzz around Waller comes amid ongoing friction between the Trump administration and Powell over the Fed’s reluctance to slash interest rates.
For months, the White House has been vocal about its dissatisfaction with Powell’s monetary policy, which many conservatives see as out of touch with the needs of everyday Americans.
This tension has fueled speculation about a potential shake-up at the Fed’s helm. Could Waller be the answer to bringing some common-sense forecasting to the table?
Bloomberg sources, speaking on condition of anonymity, revealed that Waller has already met with members of Trump’s team, though not the president himself.
What’s caught their attention is Waller’s focus on predictive policy over reacting to fleeting market data—a refreshing change for those frustrated with the status quo. The administration also values his deep understanding of the Federal Reserve’s inner workings.
Waller himself seems open to the role, albeit with a measured tone. “If the president contacted me and asked me to serve, I would do it,” he said. That’s a polite but clear signal—he’s ready to step up if called, without any of the self-aggrandizing nonsense we often see in Washington.
Contrast that humility with the political gamesmanship around Powell, where some speculate Trump might leverage a $2.5 billion renovation of the Fed’s headquarters as grounds for dismissal.
The Fed, predictably, denies any misconduct and insists the White House has no say over its facilities. It’s a classic bureaucratic standoff, but one that could tip the scales if Trump pushes hard enough.
Leading the search for Powell’s potential successor is a trio of heavy hitters: Vice President JD Vance, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.
Their involvement signals how seriously the administration is taking this decision. It’s not just about policy—it’s about restoring trust in an institution many conservatives feel has drifted too far left.
On Tuesday, Trump dropped a few names during an interview on CNBC’s “Squawk Box,” narrowing his list to four potential replacements. “I think Kevin and Kevin, both Kevins, are very good,” he quipped, referring to Kevin Hassett, former National Economic Council director, and Kevin Warsh, a past Fed governor. Two other unnamed contenders are also in the mix, though Trump clarified Bessent isn’t among them.
That comment from Trump—short, sharp, and to the point—cuts through the noise of endless speculation. It’s a reminder that this president values loyalty and competence over the establishment’s tired playbook. But will either Kevin—or the mystery duo—outshine Waller’s growing momentum?
Bloomberg’s opinion piece last month didn’t hold back, calling Waller “Trump’s Best Powell Replacement.” That kind of endorsement from a major outlet, even one often critical of conservative priorities, carries weight. It suggests Waller could bridge the gap between traditional Fed thinking and the administration’s push for bold economic reform.
Waller’s own words reinforce this image of a steady hand waiting in the wings. “If he says ‘Chris, I want you to do the job,’ I’ll say yes,” he reiterated. That’s not blind ambition; it’s a commitment to serve if the nation calls.
Meanwhile, the rift with Powell continues to simmer, rooted in fundamental disagreements over interest rates. For many on the right, Powell’s hesitation feels like a stubborn refusal to prioritize American workers and businesses over globalist financial trends. It’s a frustration that’s hard to ignore when inflation still bites at the grocery store.
What makes Waller a compelling choice is his potential to bring stability without bowing to the progressive agendas that have crept into too many institutions.
His forecasting approach could steer the Fed away from knee-jerk reactions and toward policies that anticipate the needs of Main Street. Isn’t that what we’ve been asking for all along?
Still, replacing a Fed chairman isn’t a small decision, and the stakes couldn’t be higher for America’s economic future.
While Waller seems poised to take the reins, Trump’s shortlist shows there’s no shortage of talent ready to challenge the entrenched bureaucracy. The question remains: who will ultimately get the nod to reshape the Fed in a way that puts American prosperity first?