【Powell: Does Not Believe 'Shadow Federal Reserve Chair' Needs to Be Discussed】Golden Finance reports that Bessent, nominated by Trump as Treasury Secretary, suggested in Barron's that Trump should publicly appoint a successor to Federal Reserve Chair Powell as soon as he takes office, which effectively creates a 'shadow Federal Reserve Chair.' Powell opposed this. Powell said on Wednesday, 'I don't think this is even on the table for discussion.' 'There is a series of institutional relationships between the Federal Reserve and every administration. I fully believe we can maintain the same relationship.' Powell's term will end in early 2026.