Bessent Says ‘No Rush’ to Choose Successor to Fed’s Powell

Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell, and that a nominee could potentially come from current board members or the heads of the district banks.

“There are a lot of strong candidates, including several who are on the main board and perhaps regional bank presidents,” Bessent said on Bloomberg Television’s Surveillance program Wednesday. He didn’t identify any specific names.