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US govt wants new Fed chair in place 'soon as possible:' Treasury chief

World News

14-04-2026 | 10:37

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US govt wants new Fed chair in place 'soon as possible:' Treasury chief

The U.S. administration wants Kevin Warsh in place as a new central bank chair "as soon as possible," with the existing chief's term coming soon to an end, Treasury Secretary Scott Bessent said Tuesday.

Warsh, a former Federal Reserve official, is President Donald Trump's choice to succeed Jerome Powell. But his confirmation in the Senate faces challenges as a key lawmaker pushes back against mounting political pressure from Trump against the independent institution.

AFP

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United States

Kevin Warsh

Treasury

Scott Bessent

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