In August, James Fishback, a 30-year-old investment firm CEO and political newcomer, sought to secure a position on the Federal Reserve Board of Governors, offering himself as a solution to President Donald Trump’s tensions with the central bank. Fishback aimed to replace outgoing governor Adriana Kugler and positioned himself as a staunch supporter of Trump, pledging to act as the president’s “bulldog” at the Federal Reserve.
Fishback’s campaign for this influential economic role included persistent lobbying efforts. He reached out directly to James Blair, the White House deputy chief of staff, and communicated with notable Trump advisers, including Alex Bruesewitz, urging them to advocate on his behalf. According to sources, Fishback even contacted President Trump personally, expressing his desire for the role and emphasizing his loyalty to the administration.
Notably, Fishback circulated a memo detailing his qualifications, which highlighted his commitment to large interest rate cuts and included a list of his media appearances. He wrote, “I would be honored to serve as a bulldog fighter for the President and his movement at the Federal Reserve for 5 months,” reflecting his enthusiasm for the position. Despite generating speculation in political circles, multiple sources indicated that Fishback was never seriously considered for the role. Ultimately, Trump appointed Stephen Miran, chair of the Council of Economic Advisors, to fill Kugler’s vacancy.
From Fed Aspirant to Gubernatorial Challenger
Following his unsuccessful bid for the Federal Reserve position, Fishback has shifted his focus toward challenging Byron Donalds, the congressman endorsed by Trump for the Florida governorship. With an announcement looming, Fishback has recently intensified his attacks on Donalds, criticizing him publicly and even taking jabs at Trump and former advisers he had previously courted.
When asked if his failed bid for the Fed role influenced his decision to run for governor, Fishback stated, “Not at all.” He expressed support for Miran’s appointment, describing him as a long-time friend. Nonetheless, Fishback’s escalating criticisms of Donalds, including branding him an “utter America last failure,” signal a dramatic shift in his political strategy.
This unexpected campaign has introduced new dynamics into the already competitive Republican primary for Florida governor. Trump’s endorsement of Donalds remains significant, but Governor Ron DeSantis—term-limited and unable to seek re-election—has been reportedly exploring potential successors to carry on his legacy. Speculation has circulated about other candidates, including Lt. Gov. Jay Collins and even DeSantis’ wife, Casey DeSantis, who is contemplating a run for the governorship in 2026.
Controversies and Political Maneuvering
Fishback’s ambitions have not been without controversy. Earlier this year, he sought financial backing for his newly launched Azoria Partners, an exchange-traded fund, and approached various figures in Trump’s circle for investments. Bruesewitz, a supporter of Donalds, recalled a meeting in which Fishback proposed a $25,000 investment, promising significant returns. However, concerns about the legitimacy of Fishback’s claims led Bruesewitz to ultimately decline the investment.
In October, the Azoria board announced the liquidation of its ETFs, citing relevant litigation involving Fishback. He framed this move as an example of “de-banking of conservatives,” asserting that it stemmed from his opposition to companies that utilize the H-1B visa program to hire foreign workers.
Fishback’s rise in the conservative media landscape has been notable. He gained attention for his involvement with the DOGE initiative, often appearing on major networks like CNN and Fox News. His proposal for “DOGE dividend checks” to distribute savings to Americans garnered interest from both the public and Trump. Despite his media presence, several officials familiar with DOGE have disputed Fishback’s claims of an advisory role, describing his assertions as exaggerated.
As Fishback navigates the political landscape, questions linger about his future in the Florida governor’s race. His recent attempts to undermine Donalds have raised eyebrows, with some GOP insiders wondering about the motivations behind his sudden shift in focus. “A lot of people are just asking themselves, who the hell is this guy?” a Trump adviser remarked.
Fishback’s political journey reflects a broader struggle within the Republican Party as it grapples with internal divisions and the search for leadership that resonates with its base. As the race for Florida governor heats up, the ramifications of Fishback’s actions will likely unfold in the coming months, leaving voters to determine who will best represent their interests in the state.
