Fed Leadership in Flux: Trump Administration's Deliberations

The Trump administration is poised to undergo a significant change, as it looks into replacing Federal Reserve Chairman Jerome Powell. According to economic adviser Kevin Hassett, the process could extend over the next few months.

In an interview with CNBC, Hassett disclosed that the decision on Powell's successor will likely take longer. Ongoing interviews of potential candidates are being conducted by U.S. Treasury Secretary Scott Bessent, adding to the timeline for a final decision.

This move highlights the administration's careful deliberation process in appointing crucial economic leadership roles, examining various candidates to helm the central bank.

(With inputs from agencies.)