Treasury Secretary Scott Bessent confirms search for Fed Chair Jerome Powell?s successor is underway

Jul 15, 2025 - 14:15
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Treasury Secretary Scott Bessent confirms search for Fed Chair Jerome Powell?s successor is underway
The Trump administration has formally begun the search for a successor to Federal Reserve Chair Jerome Powell, whose term ends in 2026. Treasury Secretary Scott Bessent confirmed the process is underway, amid rising tensions over Powell?s refusal to cut interest rates.

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