Recently, U.S. Treasury Secretary Scott Basset expressed his views on the succession of the Fed Chair. In an interview with Bloomberg Television, Basset stated that the Trump administration is not feeling urgent about appointing a new Fed Chair.

Bessent emphasized that this process has started, but the final decision rests with Trump. He said: "We have already begun this work, but we are not in a hurry. Obviously, it will be Trump who makes the decision."

It is worth noting that the current Fed Chairman Jerome Powell's term will last until May 2026. Even after the chairman's term ends, Powell will continue to serve as a member of the Fed Board of Governors until January 2028.

This statement seems to suggest that the Trump administration has taken a relatively cautious approach regarding the leadership changes at the Fed. Given the important role of the Fed in national economic policy, this patient attitude may reflect the government's emphasis on maintaining the stability of financial policy.

However, as we approach 2026, public speculation regarding the new chairman of the Fed may gradually intensify. In any case, the appointment process and its outcome for this important position will have far-reaching effects on the financial markets in the United States and globally.