US Treasury Secretary Bessent: No Rush to Choose Powell’s Successor

According to ChainCatcher, citing Jinshi News, U.S. Treasury Secretary Bessent stated that there is "no rush" to determine a successor for Federal Reserve Chair Powell, and that candidates may come from current committee members or regional bank presidents. On Wednesday, Bessent said on a television program, "There are many strong candidates, including several key committee members and possibly regional bank presidents." He did not disclose any specific names.

Reports indicate that Bessent himself, White House National Economic Council Director Hassett, former Fed Governor Kevin Warsh, and current Fed Governor Waller are all among the candidates nominated by Trump for the chair position. Bessent said, "There is a very, very long list." He added, "I don't intend to discuss the process, but we are moving forward with it. Clearly, this will be President Trump's decision, and we are not in a hurry."