US Treasury's Bessent emerges as possible contender to succeed Fed's Powell, Bloomberg reports
US Treasury Secretary Scott Bessent is leading US President Donald Trump's sweeping global trade overhaul. PHOTO: AFP
US Treasury's Bessent emerges as possible contender to succeed Fed's Powell, Bloomberg reports
WASHINGTON - US Treasury Secretary Scott Bessent has emerged as a possible candidate to succeed Federal Reserve chairman Jerome Powell, Bloomberg News reported on June 10, citing people familiar with the matter.
Mr Bessent joins a small list of Fed chair candidates that has included Mr Kevin Warsh, a former Fed official whom Mr Trump previously interviewed for Treasury secretary, Bloomberg added.
The White House did not immediately respond to a request for comment.
Mr Trump said on June 6 he would name a successor to Mr Powell very soon. Bloomberg, citing two unidentified people familiar with the matter, reported that formal interviews for the job have not begun.
Mr Bessent is leading Mr Trump's sweeping global trade overhaul and has a hand in pushing for changes to taxes and regulation. REUTERS
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