Treasury Expands Fed Chair Search to Bowman, Jefferson, Logan

Treasury Secretary Scott Bessent has expanded the search for the next Federal Reserve chair to include the central bank's two vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan. These candidates join a previously known list that includes National Economic Council director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller, St. Louis Fed President James Bullard, and Marc Sumerlin. Bowman and Waller have shown support for lower interest rates, frequently dissenting against rate hikes, while Logan has taken a more hawkish stance, expressing skepticism about rate cuts amid elevated inflation. Jefferson has not publicly indicated any significant policy divergence from current Fed Chair Jerome Powell. The president is expected to announce the new Fed chair this fall, with Bessent conducting interviews with candidates in the coming weeks. This expanded search reflects ongoing administration efforts to find a successor aligned with the current economic priorities.