U.S. Treasury Secretary Scott Bessent said the formal proces

U.S. Treasury Secretary Scott Bessent said the formal process to select Fed Chair Powell’s successor has begun and will move at President Trump’s pace. He warned that Powell staying on after his term could cause market confusion.https://www.bloomberg.com/news/articles/2025-07-15/bessent-says-formal-process-for-powell-succcessor-has-started

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U.S. Treasury Secretary Scott Bessent said the formal process to select Fed Chair Powell’s successor has begun and will move at President Trump’s pace. He warned that Powell staying on after his term could cause market confusion.

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