Who Will Steer the Fed Ship? 5 Names Emerge in Powell’s Shadow! 😏

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Oh, how the winds of fate blow through the corridors of power: Treasury Secretary Scott Bessent, perched there on Air Force One like some modern-day eagle, unveiled his modest shortlist for the Federal Reserve Chair on this dreary Monday. It was as if he were picking apples from a tree laden with the fruits of Fed wisdom and Wall Street guile.

The announcement emerged mid-conversation with reporters, blending the steady hands of central bankers with the speculative souls of financiers-because why not stir vinegar into milk?️ The finalists, he declared with the gravity of a man announcing dinner guests, were these:

  • Christopher Waller, that steadfast member of the Fed Board, ever the quiet observer
  • Michelle Bowman, Vice Chair for Supervision, ever vigilant, ever… supervising
  • Kevin Warsh, once a Fed Governor, now a ghost from crises past
  • Kevin Hassett, the White House’s economic oracle, peddling whispers of prosperity
  • Rick Rieder, BlackRock’s titan of fixed income, juggling trillions like mere pebbles

FINAL FIVE: @SecScottBessent tells journalists today that there are five finalists being considered for Fed chair when Powell’s term ends. A decision is slated before year end.

via @josh_wingrove

– Sonali Basak (@sonalibasak) October 27, 2025

And so, the president, in his infinite wisdom-or perhaps distracted by the weight of his travails-will decide by year’s end, as if selecting a hat for a rainy day. 🇺🇸

Waller, Interviewed and Indifferent, Utters Words of Reluctant Acceptance

Ah, poor Christopher Waller, summoned for a discourse that stretched to an eternity of an hour and three-quarters, discussing matters of economics and the great machine of the Fed, all while the economy hummed its indifferent tune below. When queried about his desires, he murmured, with the sigh of a man contemplating a leaky roof, that he would accept-if only the president deemed him the finest carpenter for the task. How typically human, this dance of ambition masked as humility. 🤷‍♂️

🚨NEW: Treasury Secretary @SecScottBessent told reporters today that 5 finalists are under consideration to replace Powell as Chair of the @federalreserve, with a decision expected by year-end.

Fed Governor Waller is among the candidates and I asked him about it last week. ⬇️

– Eleanor Terrett (@EleanorTerrett) October 27, 2025

A Mosaic of Experiences, or Perhaps Just Assorted Humors

The contenders form a quaint tableau: insiders who know the Fed’s creaky halls, and outsiders hawking their alchemical elixirs of finance. Waller, ensconced since 2020, hails from the St. Louis Fed like a traveler weary from the road. Bowman, joining in 2018 and ascending to supremacy in 2025, gazes eternally over the ledgers. Warsh, that relic of 2006-2011, remembers the great flood of ’08 as if it were yesterday’s spilled tea.

Hassett, guarding the advisory councils, and Rieder, shepherding $2.4 trillion at BlackRock-who wouldn’t envy such burdens? The new throne awaits after Jerome Powell’s reign falters into 2025, yet the Senate looms like a stern aunt, ready to approve or reject with a furrowed brow. How the fates toy with us all. 😏

And for Those Digital Dreamers, a Hint of Galactic Implications

In this sprawling drama of chairs and chairs unset, the new Fed Chair’s ascension ripples through markets as capriciously as a pebble in a pond-nay, a black hole swallowing cryptocurrencies whole. If the chosen one favors digital whims and loosens the reins on innovation, perhaps crypto shall bloom like wildflowers in spring. 🌸

But beware the hawk’s glare, for it might snuff out speculation in these risky realms, leaving investors clutching their virtual gold. One watches their approach to digital enigmas with bated breath, as if awaiting the punchline to a joke not yet told, for it shall color regulations and strategies for ages, or at least until the next chair creaks. Who knows, in the grand farce of economics, maybe even emojis will be currency someday-wait, they already are. 🚀

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2025-10-27 21:19