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BTCC / BTCC Square / Global Cryptocurrency /
Search for Jerome Powell’s Successor Underway, Says Scott Bessent

Search for Jerome Powell’s Successor Underway, Says Scott Bessent

Author:
Global Cryptocurrency
Published:
2025-07-15 18:13:01
10
1
BTCCSquare news:

The formal process to identify a replacement for Federal Reserve Chair Jerome Powell has commenced, with Treasury Secretary Scott Bessent confirming WHITE House involvement. Powell’s term expires in May 2026, but political pressures may accelerate his departure.

Potential successors include Scott Bessent, Kevin Hassett, Michelle Bowman, and Kevin Warsh. President Donald TRUMP will oversee the selection, which could reshape monetary policy direction. Market participants are closely monitoring developments, as the outcome may influence economic stability and investor sentiment.

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