Treasury secretary Bessent seen in race to succeed US Fed's...

added a post in Business

2025-06-11 01:44:14 -

Treasury secretary Bessent seen in race to succeed US Fed's Powell

Advisers are advocating for Treasury Secretary Scott Bessent as a potential successor to Jerome Powell as Federal Reserve chair. While Kevin Warsh, a former Fed official, has also been considered, Bessent is now a contender leading Trump's economic initiatives. The President is expected to announce his decision soon, with formal interviews yet to commence.

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