Treasury Secretary Scott Bessent said he is considering three people for the position of Federal Reserve chair, which will become vacant next year, Bloomberg reported.

Michelle Bowman and Philip Jefferson, two vice chairs at the Federal Reserve, and Dallas Fed President Lorie Logan are under consideration, two administration officials told Bloomberg.

Bessent, who is leading the search, will be interviewing other candidates in the coming weeks, sources told Bloomberg. President Donald Trump is expected to make a final announcement in the fall, Bloomberg said.

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