A rising consensus among advisers, both inside and outside the Trump administration, points to US Treasury Secretary Scott Bessent as a prime candidate for the next chair of the Federal Reserve. President Trump has indicated he will name a successor to Jerome Powell, whose term concludes in May 2026, very soon. With the economic landscape continuously evolving, the choice of Fed Chair could have profound implications for US monetary policy. Investors and market analysts must closely monitor this development as it could shape economic strategies moving forward.