Trump prepares to reshape Federal Reserve with new chair and appointments by 2026

The Federal Reserve is expected to see significant changes during Trump's presidency, particularly with a new chair set to be appointed by June 2026. Trump has expressed dissatisfaction with current Fed Chair Jerome Powell and is likely to choose someone aligned with his views. Potential candidates for the Fed chair include Kevin Hassett, Larry Lindsey, and Michelle Bowman, among others. Trump is also expected to fill the supervision role at the Fed, as Michael Barr will leave that position soon. Currently, the Fed's board includes several Biden appointees, which may limit political influence. However, upcoming appointments could shift the balance, especially with the potential for new leadership in 2026.