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Trump to kick off final round of Fed chair interviews this week, FT reports

BY Reuters | ECONOMIC | 12/09/25 05:11 PM EST

Dec 9 (Reuters) - U.S. President Donald Trump will soon launch a final round of interviews for Federal Reserve chair, the Financial Times reported on Tuesday.

Trump and Treasury Secretary Scott Bessent are scheduled to meet with former Fed governor Kevin Warsh on Wednesday, the FT reported, citing three senior administration officials.

The administration officials said that National Economic Council director Kevin Hassett remains in pole position to succeed Powell as chair in May, the newspaper said.

Reuters could not immediately confirm the report.

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Leslie Adler)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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