**Trump Will Announce Jerome Powell's Replacement Next Week**
United States (US) Treasury Secretary Scott Bessent said that the replacement for Federal Reserve Chair Jerome Powell will be announced as early as the end of this month, or next week.
Furthermore, he has identified four names of candidates that he believes are suitable to replace Powell. However, the decision ultimately rests with US President Donald Trump.
"I anticipate that he (Trump) will make the announcement possibly as early as next week," he said in Davos, Switzerland, citing The Guardian.
For your information, since last year Trump has planned to replace Powell's position at the beginning of this year. In fact, he has already prepared names of candidates who could potentially serve as the new central bank chair.
For your information, Powell's term as Chair of The Fed ends next May, but he is not obligated to leave the Fed until 2028.
