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Trump Set to Announce Fed Appointments as Treasury Secretary Bessent Declines Chair Role

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By Olivia Mungwana

WASHINGTON — President Donald Trump has confirmed he will soon appoint a new member to the Federal Reserve’s Board of Governors and may also announce his choice for the next Chair of the Federal Reserve. The developments follow the early resignation of Fed Governor Adriana Kugler and a decision by Treasury Secretary Scott Bessent to remain in his current post, removing himself from consideration for the top Fed job.

Kugler’s early departure opens a strategic opportunity for Trump to shape the future of U.S. monetary policy, particularly at a time when interest rate decisions remain hotly debated among economists, business leaders, and policymakers.


A Shift at the Federal Reserve

Adriana Kugler, who had been serving on the Federal Reserve Board since 2022, announced she would step down ahead of her term’s scheduled end in January 2026. Her exit sets in motion a potential reshaping of the Fed’s leadership at a time when inflation continues to challenge the central bank’s 2% target and economic indicators show signs of strain.

Kugler was widely respected for her expertise in labor economics, but her departure has paved the way for a new appointee—possibly someone aligned with Trump’s long-standing desire for lower interest rates.


Trump’s Shortlist and Strategy

In a recent interview, President Trump revealed that four candidates are under consideration to fill Kugler’s seat. Among the leading names are Kevin Hassett, a former economic adviser in his administration, and Kevin Warsh, a former Fed governor with experience in monetary policy during the 2008 financial crisis.

Although Trump did not identify all four candidates publicly, insiders suggest the remaining contenders may include individuals who support a more accommodative stance on interest rates, potentially including current Fed Governor Christopher Waller. Waller has advocated for rate cuts but not necessarily at the pace Trump prefers.

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Trump emphasized that whoever is appointed to Kugler’s seat could also be considered for promotion to Fed Chair once Jerome Powell’s term expires in May 2026. This strategy would allow the administration to establish a policy direction even before Powell exits, especially if the nominee aligns with the White House’s economic vision.


Bessent Bows Out

Treasury Secretary Scott Bessent, who had been rumored as a contender for the Fed Chair position, has reportedly declined consideration. Trump confirmed that Bessent wants to continue in his current role at the Treasury and will not be nominated to the Federal Reserve Board or Chair.

Bessent has maintained that Jerome Powell should be allowed to serve the remainder of his term, a stance that some political observers see as a gesture of institutional respect, but others interpret as a strategic distancing from the expected policy overhaul.


The Road Ahead: Confirmation and Implications

Whoever is nominated to replace Kugler will need Senate confirmation for a term that runs only a few months—until January 2026. If that individual is later nominated for a full 14-year term or as Fed Chair, a second round of Senate scrutiny will be required.

This two-step confirmation process could introduce both political risks and opportunities. A nominee who is seen as too politically aligned with the administration’s goals might face resistance in the Senate, particularly among moderates or fiscal conservatives concerned about inflation.

At the same time, a carefully selected candidate could begin influencing key votes and policy directions almost immediately, particularly if elevated to Chair after Powell’s exit.


Trump’s Criticism of Powell

President Trump has frequently criticized Fed Chair Jerome Powell for resisting calls to lower interest rates. Trump argues that maintaining elevated rates is hurting economic growth and increasing the burden of the national debt. Powell, however, has emphasized the need to keep rates high enough to curb inflation, which remains above the central bank’s long-term target.

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The tension between the White House and the Fed underscores a broader debate: whether U.S. monetary policy should prioritize economic growth and debt management or focus more narrowly on controlling inflation and maintaining institutional independence.


Market and Political Reactions

Financial markets are watching closely as the situation unfolds. The appointment of a new Fed governor—particularly one aligned with Trump’s rate-cut agenda—could signal a more dovish shift in policy. However, such a move may also heighten concerns among investors who fear that politically motivated decisions could undermine the Fed’s credibility.

Political analysts have also warned that repeated attempts to influence or reshape the Federal Reserve could erode public trust in its neutrality. Some senators have already voiced concerns about any efforts to install a Chair purely for political convenience.


Broader Economic Impact

The outcome of these appointments will have lasting implications for interest rates, inflation, financial markets, and international confidence in U.S. economic stability. Lower interest rates may provide short-term economic relief and boost lending and investment. However, if not managed carefully, they could also lead to rising inflation and market volatility.

The timing of these changes is also significant. With the 2026 election cycle approaching, any shift in Fed leadership could influence perceptions of economic stewardship and shape campaign narratives.


Conclusion

President Trump’s forthcoming announcements on the Federal Reserve’s leadership come at a pivotal moment for the U.S. economy. With inflation pressures, a slowing job market, and political polarization all intersecting, the stakes are high. Whether his choices are embraced by Congress or spark further controversy remains to be seen—but one thing is clear: Trump is determined to leave his imprint on the future of American monetary policy.

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Thank You Note From Mr Njau Waira’s Family

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Dear Family and Friends,

We wish to express our deepest and most sincere gratitude for your overwhelming support throughout this difficult journey of laying to rest our beloved Njau Waira.

Thank you for your financial and material contributions, prayers, calls, messages, and, most importantly, your presence during the funeral arrangements, the wake, the memorial and the finally the burial. Your generosity and commitment made it possible for us to meet our target and give Njau the befitting send-off he deserved.

We are truly humbled and grateful for standing with the family every step of the way.

Your love,❤️ support, kindness and presence will forever be remembered.

May God bless you all abundantly and meet you at the point of need, an ever present help in time of trouble. 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼

From Waira Family.

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U.S. Delays 2027 Green Card Lottery Registration as New Rules Add Costs and Passport Requirement

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U.S. Delays 2027 Green Card Lottery Registration as New Rules Add Costs and Passport Requirement

WASHINGTON D.C. — Prospective immigrants from Kenya and other eligible African countries are facing an uncertain wait for the next U.S. Diversity Visa lottery after the Department of State delayed the opening of the 2027 registration period and introduced new requirements for applicants.

The State Department has not yet announced the opening or closing dates for DV-2027 registration. It said in November 2025 that it was making changes to the entry process and would announce the registration date “as soon as practicable.” The department also said the delay would not change the visa application period for people selected in the program, which is scheduled to run from October 1, 2026, through September 30, 2027.

State Department: Changes to the DV-2027 Entry Period

That means reports that the DV-2027 registration window has already been shortened should be treated with caution. No official registration duration has been published by the State Department as of September 29, 2026.

The delay comes as the department implements two significant changes: a $1 registration fee and a new requirement that most applicants provide information from a valid, unexpired passport and upload a scan of the passport’s biographical and signature page.

New $1 fee for lottery registration

A State Department final rule published in September 2025 established a $1 fee for registering for the Diversity Visa lottery. The department said the charge is intended to shift some of the costs of operating the lottery—including maintaining the electronic entry system, storing data, conducting the randomized selection process and performing security reviews—to people entering the lottery.

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Federal Register: Diversity Visa Program Fee

The fee is separate from the visa application fee paid later by people who are selected and proceed with the immigration process.

The department’s subsequent Diversity Visa rule makes clear that the $1 fee will be collected when an entrant submits the lottery registration. No waiver is provided for the registration fee.

Federal Register: DV-2027 Passport Requirement and Entry Changes

Applicants should therefore be cautious about websites or agents claiming to offer an official DV-2027 registration before the State Department announces the registration period. The department’s official Diversity Visa entry instructions state that entries must be submitted electronically during the designated period and that there is only one permitted entry per person.

Passport requirement creates a new hurdle

The more consequential change for many prospective applicants is the passport requirement.

Under a final rule implementing changes for DV-2027, applicants generally must provide information from a valid, unexpired passport and upload a scan of its biographical and signature page when registering. The State Department said the requirement is intended to combat fraudulent and duplicate entries and allow earlier identity verification.

Federal Register: DV-2027 Passport Requirement and Entry Changes

The department acknowledged that obtaining a passport can present financial and logistical difficulties, particularly in countries where passport processing is slow or services are difficult to access.

Its regulatory analysis estimated that obtaining and supplying the passport information would add time and costs for applicants. The department estimated the average passport cost across eligible countries at $74.43, while also noting that actual costs and additional expenses vary by country.

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The rule contains limited exemptions, including certain stateless applicants, some nationals of Communist-controlled countries who cannot obtain passports from their governments, and people covered by specified government-approved waivers. Applicants seeking an exemption must provide supporting evidence.

The State Department has said the passport rule will apply globally rather than specifically targeting African applicants. It nevertheless acknowledged that people without passports could be deterred from entering the program.

Kenya remains an eligible country

Kenyan-born applicants have been among the beneficiaries of the Diversity Visa program in recent years.

Kenya was listed among the African countries eligible for DV-2026, while Nigeria was among the countries excluded from that year’s program because of the statutory high-admission formula.

State Department: DV-2026 Instructions

The State Department selected 3,949 Kenyan entrants for DV-2026. The figure includes selected entrants and their eligible derivatives and does not mean that all of those people ultimately received visas.

State Department: DV-2026 Selected Entrants

Other African countries also recorded substantial numbers of DV-2026 selectees, including Ethiopia, Egypt, Cameroon, Morocco, Sudan, the Democratic Republic of Congo and Ghana.

Eligibility for DV-2027, however, must be confirmed against the official instructions when they are issued. A country’s eligibility can change from one program year to another under the statutory formula.

What applicants should expect

For now, the most important fact for prospective DV-2027 applicants is that there is no confirmed registration deadline to work toward.

The State Department has said it will publish the registration dates and the date on which DV-2027 selection results will become available through the Electronic Diversity Visa system.

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State Department: Changes to the DV-2027 Entry Period

Once registration opens, applicants will have to comply with the new requirements, including the $1 payment and, in most cases, submission of valid passport information and a passport scan.

The official State Department DV entry guidance remains the appropriate source for registration instructions. The department says the registration system does not become active until the officially specified date and warns applicants to retain their confirmation number after submitting an entry.

The Federal Register rule on passport requirements provides the legal details of the new DV-2027 entry requirements, while the State Department’s DV-2027 announcement is the authoritative source for the delayed registration schedule.

A separate issue for current DV applicants

The DV-2027 delay is occurring alongside continuing uncertainty for people selected in the previous lottery.

In August 2026, the State Department announced that it was again pausing issuance of Diversity Visas while reviewing screening and vetting procedures. The department said applicants could continue submitting applications and attending interviews, but that no Diversity Visas would be issued while the pause was in effect.

State Department: Diversity Visa Issuance Guidance

That development concerns DV-2026 selectees, rather than people waiting to register for DV-2027, and should not be conflated with the delayed registration schedule.

For prospective applicants in Kenya and elsewhere in Africa, the immediate task is therefore preparation rather than rushing to meet an unannounced deadline. The registration dates, eligible-country list and complete DV-2027 instructions must come from the State Department before applicants can know the precise requirements and timeframe.

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Kenyan Senator Denies Link to Viral Underwear Saga as Kirinyaga Political Row Escalates

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KIRINYAGA, Kenya — Kirinyaga Senator James Kamau Murango has denied any involvement in a viral controversy surrounding women’s underwear bearing his name and the branding of the National Government Affirmative Action Fund (NGAAF).

The controversy gained momentum this week after photographs and videos of the items circulated widely on social media, with some reports linking the merchandise to Murango’s political activities.

Murango has, however, rejected the claims, saying he neither authorised nor participated in the production, purchase or distribution of the items.

According to The Star, the senator’s lawyers, Sakimpa & Partners Advocates, issued a demand for corrections and retractions from media outlets that linked him to the merchandise.

The lawyers said Murango did not print, procure, purchase, supply or distribute the underwear and had not authorised the use of his name or NGAAF branding.

The legal response followed the circulation of videos and photographs that sparked intense discussion online and in Kirinyaga.

Njeri Maina Also Distances Herself

Kirinyaga Woman Representative Njeri Maina has also denied involvement in the distribution of the controversial items.

Maina has called for people allegedly using the names of political leaders without authorisation to be reported to the police.

In a report published on September 27, The Star reported that Maina urged residents to report individuals distributing items while claiming they originated from political leaders’ offices.

The controversy has also drawn attention to the use of NGAAF branding. The fund is associated with the office of the Woman Representative, making the appearance of the branding on the merchandise another point of contention.

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At this stage, public reports have not established who commissioned or distributed the underwear.

Controversy Comes Ahead of 2027

The dispute comes as political activity in Kirinyaga begins to intensify ahead of the 2027 General Election.

Murango is positioning himself for the Kirinyaga gubernatorial contest, with the political landscape in the county expected to become increasingly competitive following Governor Anne Waiguru’s decision not to seek another term.

The Star reported earlier this month that Waiguru’s planned exit has opened the field for politicians seeking to succeed her.

The underwear controversy has consequently generated additional political attention, particularly because Murango’s name appears on the merchandise.

However, the senator’s denial means that the circumstances surrounding the production and distribution of the items remain disputed.

For now, Murango maintains that he had no role in the campaign merchandise and has threatened further legal and regulatory action against publications that continue to associate him with the items.

The unfolding dispute is likely to remain a talking point in Kirinyaga as political campaigns and public mobilisation gather pace ahead of the 2027 elections.

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