Trump administration eyes Fed vacancy in early 2026 to appoint Powell successor, Bessent says

  The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for appointing a successor to central bank Chair Jerome Powell, Treasury Secretary Scott Bessent said on Monday. The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for appointing a successor to central bank Chair Jerome Powell, Treasury Secretary Scott Bessent said on Monday.