Treasury Secretary Scott Bessent said Wednesday on Fox News’ “The Ingraham Angle” that the Trump administration will announce a potential new Federal Reserve chairman nominee in either December or January.

US Treasury Secretary Scott Bessent said on Wednesday that the administration is not in a hurry to identify a successor for Powell. Speaking to Bloomberg TV, Bessent confirmed that the process is beginning but emphasised that any final decision would rest with President Trump.

A resignation letter from Fed Chair Jerome Powell is circulating on the internet, but a dead giveaway clarifies its authenticity.