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US Treasury Secretary Scott Bessent: Process to Determine Next Fed Chair Initiated; Jerome Powell Shall Step Down as Fed Governor After May 2026
US Treasury Secretary Scott Bessent said in an interview with Bloomberg Television that the formal process to determine the next Fed Chair has begun, and that there are many excell...
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US Treasury Secretary Scott Bessent: Process to Determine Next Fed Chair Initiated; Jerome Powell Shall Step Down as Fed Governor After May 2026
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US Treasury Secretary Scott Bessent said in an interview with Bloomberg Television that the formal process to determine the next Fed Chair has begun, and that there are many excellent candidates inside and outside the Fed.

Asked whether US President Donald Trump had requested him to serve as Fed chair, Bessent said he is involved in the decision-making process, and that it is Trump's decision, with the selection proceeding at his pace.

Related NewsAPI Crude Oil Stock Change for Jul/18 in United States is -0.577M, lower than the previous value of 0.84M.
Fed Chair Jerome Powell should step down as a Fed Governor when his term ends in May 2026, and that, traditionally, the Fed chair do so, Bessent added.

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