President Trump has a “very open mind” about who should replace Federal Reserve Chairman Jerome Powell and he’s even considered Janet Yellen for the post, Treasury Secretary Scott Bessent revealed Tuesday.

Powell’s term as chairman of the US central bank expires in May 2026, and the Trump administration – already interviewing potential replacements – is casting a “very wide net” in the search for his replacement, the treasury secretary told Fox Business host Larry Kudlow .

“The president has a very open mind,” Bessent said, when asked who Trump is eyeing to replace Powell.

“He even considered re-appointing Janet Yellen , so we want to see what everyone’s thinking,” he added. 3

“It’s not ideological, it’s about economics, what’s best for the American people, what’s best fo

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