Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell, and that a nominee could potentially come from current board members or the heads of the district banks.

In the Oval Office, President Trump and Treasury Sec. Scott Bessent had tough words for Fed Chair Jerome Powell.

Treasury Secretary Scott Bessent is taking aim at the Federal Reserve and the rules the Fed enforces as a supervisor of big banks. But he doesn't think Fed Chair Jerome Powell should step down immediately.