The director of the White House National Economic Council, Hassett, is the top candidate to succeed Powell and fully supports Trump's economic policies.

According to informed sources, Kevin Hassett, one of the longest-serving economic advisors during President Trump's term, is currently the top candidate to succeed Powell as the Chairman of the Federal Reserve next year. Hassett is currently the director of the White House National Economic Council, and he and Kevin Warsh are the two main candidates to succeed as the Chairman of the Federal Reserve. Treasury Secretary Mnuchin is also involved in the selection process and has provided recommendations, and if other candidates do not perform well, Mnuchin himself could also get the job. In addition, Federal Reserve Board Governor Lael Brainard is seen as a "dark horse" candidate.