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White House Prepares for Future Fed Chair Interviews

4/15/2025

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Summary

Story summary

Treasury Secretary Scott Bessent revealed that the White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term concludes in May 2026. While Bessent reassured that Powell remains secure in his role, he underscored the importance of addressing the Fed's regulatory responsibilities amidst a stable financial landscape.

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Story summary

Treasury Secretary Scott Bessent revealed that the White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term concludes in May 2026. While Bessent reassured that Powell remains secure in his role, he underscored the importance of addressing the Fed's regulatory responsibilities amidst a stable financial landscape.