President Trump is beginning interviews with candidates for the next Federal Reserve chair and will be interviewing former Fed Governor Kevin Warsh today, according to a source familiar with the process.

Trump has five finalists on his list, including National Economic Council director Kevin Hassett — widely thought to be the frontrunner — whom Trump is expected to meet along with other candidates soon.

The others on the shortlist are Fed governors Chris Waller and Michelle Bowman and BlackRock head of fixed income Rick Rieder.

Trump has indicated he already knows his choice.

Treasury Secretary Scott Bessent has been leading the interview process. The Wall Street Journal first reported Wednesday that Trump will sit down with candidates in the coming days. The Journal cited an official cautioning that the interviews would be cancelled or postponed, as happened recently ahead of meetings scheduled with Vice President JD Vance.

Trump has been gunning to replace current Chair Jerome Powell, who has not acted to lower interest rates as aggressively as Trump wants. Powell’s term ends in May.

Jennifer Schonberger covers the Federal Reserve, Congress, the White House, the Treasury, the SEC, the economy, cryptocurrencies, and the intersection of Washington policy with finance. Follow her on X @Jenniferisms and on Instagram.

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