Investing.com -- Federal Reserve Governor Christopher Waller has emerged as a leading candidate to replace Jerome Powell as the central bank’s chair, according to a report from Bloomberg, citng sources familiar with the matter.

President Donald Trump’s advisers are reportedly impressed with Waller’s approach to policy based on forecasting rather than current data, as well as his comprehensive knowledge of the Federal Reserve system.

Waller has already met with the president’s team regarding the position, though he has not yet had a meeting with Trump himself, the sources said.

Other candidates still under consideration include former Fed official Kevin Warsh and current National Economic Council director Kevin Hassett. The position will become available when Powell’s term as chair ends in May 2026.