Reported about 19 hours ago
Treasury Secretary Scott Bessent outlined potential successors for Federal Reserve Chairman Jerome Powell, whose term ends next May, as President Trump urged Powell to lower interest rates in a recent note. Bessent mentioned that there are already candidates within the Fed being considered and discussed options for appointing a new chair, possibly by filling a new 14-year seat. Trump seems keen on a change in monetary policy and has hinted at potential candidates, signaling his administration's strategic considerations regarding the Fed's future leadership.
Source: YAHOO