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US Treasury Secretary Bessent said the administration will launch its search for the next Federal Reserve chair in the fall, telling CNBC there are "lots of good candidates" for the post. Pressed on whether he might seek to serve simultaneously as Treasury secretary and Fed chair, Bessent noted such an overlap has not occurred since the 1930s but did not explicitly rule out the possibility.
NEW: Bessent is asked if he can be both Fed Chair and Treasury Secretary at the same time. Bessent: "Well I think it hasn't been done since 1930 something." CNBC: "That was not a no." https://t.co/7CozAi53W6
CNBC: “Can you be a Fed Chair and Treasury Secretary at the same time?” Secretary Bessent: “Well, I think it hasn't been done since 1930-something, and I’m very happy in my job here. I think we have lots of good candidates for Fed Chair; we will start working on that in the https://t.co/77TPgS0BS3
CNBC: Can you be a Fed Chair and Treasury Secretary at the same time? BESSENT: It hasn't been done since 1930-something CNBC: That was not a no BESSENT: ... https://t.co/ooaCtUz7LU
