On August 7, Trump announced plans to nominate an interim Fed board member to fill the vacancy, reviewing around three potential candidates with input from key advisors.
On August 7, President Trump stated he might nominate an interim Fed board member to temporarily fill the vacancy, with the appointment expected in the next few days. He is considering roughly three candidates, likely from Wall Street, and reiterated his support for former Fed governor Kevin Walsh and National Economic Council Director Kevin Hassitte, with guidance from key advisors including the Commerce Secretary, Treasury Secretary, and Vice President Pence.