Here Are the Five Contenders to Replace Powell as Fed Chair

Five contenders are still standing in the high-stakes race to be the next Federal Reserve chair.

Treasury Secretary Scott Bessent on Monday confirmed the candidate pool has been cut roughly in half, with current Fed governors Christopher Waller and Michelle Bowman, former Governor Kevin Warsh, White House National Economic Council Director Kevin Hassett and BlackRock Inc. executive Rick Rieder remaining.

Bessent, who is leading the vetting process, has said he plans to do another round of interviews with the aim of presenting a “good slate” to President Donald Trump after the Thanksgiving holiday.

Investors and Fed watchers are ...