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Treasury Secretary Bessent Leads Search for Next Fed Chair as Powell's Term Nears End

Treasury Secretary Scott Bessent is playing a pivotal role in the process of replacing Federal Reserve Chair Jerome Powell, with President Donald Trump indicating an announcement on Powell’s successor could come within weeks. Powell’s term as chair is scheduled to end in May 2026.

Potential candidates reportedly under consideration include Bessent himself, former Fed governor Kevin Warsh, National Economic Council Director Kevin Hassett, current Fed governor Christopher Waller, and former World Bank President David Malpass. Warsh, viewed as an early favorite, has been interviewed by Trump and holds views critical of the Fed’s credibility.

Treasury Secretary Bessent Leads Search for Next Fed Chair as Powell's Term Nears End

Treasury Secretary Scott Bessent is playing a pivotal role in the process of replacing Federal Reserve Chair Jerome Powell, with President Donald Trump indicating an announcement on Powell’s successor could come within weeks. Powell’s term as chair is scheduled to end in May 2026.

Potential candidates reportedly under consideration include Bessent himself, former Fed governor Kevin Warsh, National Economic Council Director Kevin Hassett, current Fed governor Christopher Waller, and former World Bank President David Malpass. Warsh, viewed as an early favorite, has been interviewed by Trump and holds views critical of the Fed’s credibility.

https://news.bitcoin.com/treasury-secretary-bessent-leads-search-for-next-fed-chair-as-powells-term-nears-end/