Recently, media reports have suggested that current U.S. Treasury Secretary Scott Benczkowski is considered one of the contenders for the next chair of The Federal Reserve (FED). It is reported that some advisors both inside and outside the Trump administration are advocating for Benczkowski to take on this position.

Trump recently stated that he will soon appoint a successor to the current Federal Reserve Chairman Powell. Powell's term will end in May 2026, and it is understood that the formal interview process for the next Federal Reserve Chairman has not yet begun.

In response to this rumor, Besant himself stated: "I have the best job in Washington. The President will decide who is best suited for the American economy and people."

It is worth noting that a senior U.S. government official has denied the above reports but did not provide further details. Subsequently, the White House more clearly refuted the news, stating that the reports about Bessent possibly becoming the next chairman of The Federal Reserve (FED) are untrue.

As the current Secretary of the Treasury, Becerra is currently focused on implementing economic reform plans that involve significant changes in multiple areas, including trade, taxation, and regulation. As is customary, the Secretary of the Treasury typically plays a key role in identifying and interviewing candidates for the Chair of The Federal Reserve (FED), but it is unclear whether Becerra will choose to abstain when the President makes the final decision.

According to informed sources, in addition to Bessent, former Federal Reserve official Walsh is also seen as one of the potential candidates. The appointment of the Federal Reserve Chair will have a profound impact on the direction of U.S. monetary policy in the coming years, and market participants are closely monitoring the latest developments in this personnel change.