Bessent: ‘Formal process’ underway to pick Powell successor

thehill.com/homenews/administration/5401759-bessent-powell-federal-reserve-chair-process

Treasury Secretary Scott Bessent on Tuesday said that the process to pick a new chairman of the Federal Reserve has started, ahead of chair Jerome Powell’s term ending in 2026 and amid growing pressure from the White House for him to step aside early.
“There’s a formal process that’s…

This story appeared on thehill.com, 2025-07-15 15:31:31.
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