White House senior economic adviser Kevin Hassett said President Donald Trump, working with Treasury Secretary Bessent, has begun an “active search” for the next chair of the Federal Reserve. Hassett did not disclose a timetable or identify leading candidates, but his comments confirm that the administration is moving quickly to shape monetary policy leadership ahead of the incumbent’s term expiration. In a separate CNBC interview, Hassett criticized the Bureau of Labor Statistics, saying its figures have become “very unreliable” after a series of large revisions that showed job growth was slower than the administration anticipated. He argued that the agency needs a “fresh set of eyes,” insisting that major data changes must be explained transparently and that the labor-market statistics system should be modernized. Hassett added that Treasury Secretary Bessent is compiling a shortlist of potential replacements for the BLS leadership, underscoring the administration’s determination to overhaul how labor data are collected and reported. The twin searches—for a new Fed chief and new BLS management—signal a broader effort by the White House to tighten control over key economic institutions as it crafts policy for the coming year.