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Bessent Emerges as Possible Contender to Be Next Fed Chief
Mint Chennai
|June 11, 2025
Trump Plans to Name a Successor "Soon" to Replace Powell, Whose Term Ends in May
A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the US Federal Reserve (Fed): Treasury Secretary Scott Bessent.
President Donald Trump on Friday said he would name a successor "very soon" to replace Jerome Powell, whose term as Fed chair ends in May 2026. The small list of candidates under consideration has included Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary role in November, according to people familiar with the matter.
This story is from the June 11, 2025 edition of Mint Chennai.
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