With Federal Reserve chair Jerome Powell's term coming to an end in May, the decision of who will become the world's most important central banker is nigh — and President Trump faces one of the most consequential personnel decisions of his term.

The big picture: Trump will be deciding among Fed chair candidates with varying personal relationships with the president, levels of experience with the Fed system and Washington politics, and Wall Street perception. • Treasury Secretary Scott Bessent, speaking to reporters on Air Force One overnight Sunday, confirmed the names of five finalists to be the next Federal Reserve chair. He said he expects the selection to be made before year's end. • Here, we tick through the five, in order from highest implied odds on the prediction market Polyma

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