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Finance and Economy

Bessent reveals ‘good chance’ Trump will name Powell’s successor at Fed before Christmas

By Emily Hallas
Published
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Treasury Secretary Scott Bessent on Tuesday announced he is wrapping up interviews with candidates to succeed Federal Reserve Chair Jerome Powell, saying the Trump administration could reveal the final pick by the end of the year. 

Bessent is nearing the end of selecting candidates to recommend to President Donald Trump to replace Powell, whose term expires in May. 

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Banks Donald Trump Federal Reserve Jerome Powell Monetary Policy Scott Bessent Treasury Department