Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump 's shortlist to lead the nation's central bank.

"I want to see people who are forward-looking, not backward-looking on regulation," Bessent said in an interview on FOX Business’ " Mornings with Maria ," adding that "since the great financial crisis, we've been in a regulatory straitjacket for the banking system."

Bessent said that the Trump administration is also looking for someone with broad financial knowledge "that can bring credibility to the markets."

Federal Reserve Chairman Jerome Powell , appointed by Trump in 2017, is slated to complete his term in May 2026.

Bessent also addressed the Federal Reserve's ongoing $2.5 billion renovation of i

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