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Bessent says White House will start interviewing candidates for next Fed chair this fall

  • The White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026, according to U.S. Treasury Secretary Scott Bessent.
  • Bessent stated that this timing gives the Trump administration about six months before Powell's departure.
  • Bessent expressed confidence that Trump would not challenge Federal Reserve independence or oust Powell.
  • Bessent mentioned that he regularly meets with Powell for discussions and indicated they are not preparing urgent contingency plans.
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Diario Registrado broke the news in on Monday, April 14, 2025.
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