The White House: Reports that Treasury Secretary Basent is viewed as a candidate for the next Federal Reserve Chair are not true.

[The White House: Reports that Treasury Secretary Basant is considered a candidate for the next Chairman of The Federal Reserve (FED) are not true] The White House: Reports about U.S. Treasury Secretary Basant being considered a candidate for the next Chairman of The Federal Reserve (FED) are not true. Previously, sources indicated that Powell's term as Chairman of the Federal Reserve (FED) is set to expire in 2026. U.S. Treasury Secretary Basant is seen as one of the candidates for the next Chairman of the Federal Reserve (FED). The formal interview process for the next Chairman of the Federal Reserve (FED) has not yet begun.

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