White House looks for new fed chair as Powell nears end amid Trump pressures
The White House is set to begin interviewing candidates for the next Federal Reserve Chair this autumn, as Jerome Powell's term concludes in May 2026. Treasury Secretary Scott Bessent confirmed the timeline amidst President Trump's repeated calls for interest rate cuts. While Bessent affirmed the Fed's independence and dismissed immediate concerns, he suggested a review of its regulatory role.
The White House is set to begin interviewing candidates for the next Federal Reserve Chair this autumn, as Jerome Powell's term concludes in May 2026. Treasury Secretary Scott Bessent confirmed the timeline amidst President Trump's repeated calls for interest rate cuts. While Bessent affirmed the Fed's independence and dismissed immediate concerns, he suggested a review of its regulatory role. What's Your Reaction?
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