Bloomberg Television
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Bessent: 'Formal Process' for Powell Successor Already Starting
Posted
July 21, 2025
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July 21, 2025
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1:23Now PlayingUS Treasury Secretary Scott Bessent said a "formal process" to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, "I think it'd be very confusing for the market for a former Fed chair to stay on" after his term ends.
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