Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell, and that a nominee could potentially come from current board members or the heads of the district banks.

Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: “There’s a formal process that’s already starting. There are a lot of great

Trump launches an early search for a new Fed Chair to align monetary policy with his agenda, floating the idea of a ‘shadow Fed Chair’ to push for lower interest rates and reduced debt costs.