January 20, 2026

Fed Chair Decision: Trump Could Decide on Powell’s Successor Next Week, Scott Bessent Says

U.S. Treasury Secretary Scott Bessent said on Tuesday that President Donald Trump may choose the next Fed chair next week. He spoke on CNBC, noting months of vetting since September and direct meetings with finalists. The decision follows Trump’s dissatisfaction with the rate policy and comes as Jerome Powell’s term ends May 15. Fed Chair

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