Trump's Search for New Fed Chair Begins

U.S. President Donald Trump announced that his administration has commenced interviews for selecting the next Federal Reserve chairman. Treasury Secretary Scott Bessent remains uninterested in the position. Trump expressed his wish to replace current Fed Chairman Jerome Powell, although there is resistance to this move.

In a significant development from the Oval Office, President Donald Trump revealed that his administration is conducting interviews to appoint a new Federal Reserve chairman.

The President confirmed that Treasury Secretary Scott Bessent has no interest in the Fed role, thus excluding him as a candidate.

Trump openly stated his desire to replace current Fed Chairman Jerome Powell, although unspecified obstacles are delaying this decision.

(With inputs from agencies.)