White House: Reports that Treasury Secretary Basant is considered a candidate for the next Federal Reserve Chair are not true

ChainCatcher News, White House: Reports regarding U.S. Treasury Secretary Basant being considered as a candidate for the next Federal Reserve Chair are not true.

Previously, sources indicated that Powell's term as Federal Reserve Chair is set to expire in 2026. U.S. Treasury Secretary Basant is seen as one of the candidates for the next Federal Reserve Chair. The formal interview process for the next Federal Reserve Chair candidate has not yet begun.