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Trump admin wants new Fed chair in place 'as soon as possible'

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US Treasury Secretary Scott Bessent expresses confidence that Kevin Warsh will be the next Federal Reserve chairman

US Treasury Secretary Scott Bessent expresses confidence that Kevin Warsh will be the next Federal Reserve chairman

The Trump administration wants Kevin Warsh in place as the new US central bank chair "as soon as possible," with the existing Fed chief's term coming soon to an end, Treasury Secretary Scott Bessent said Tuesday.

Warsh, a former Federal Reserve official, is President Donald Trump's choice to succeed Jerome Powell.

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