Treasury Secretary Besin determines the main qualities of the next Federal Reserve Chair

Treasury Secretary On Thursday, Scott Payet explained the traits he is looking for while he was doing the candidates from the president Donald TrumpA brief list of the leadership of the central bank in the country.

“I want to see aspiring people, not backward,” Pisent said in an interview with Fox Business.Morning with Maria“Adding” since the great financial crisis, we were in a regulatory group of the banking system. “

Trump says the head of the Federal Reserve to search for “three or four” candidates, with an announcement “a little early”

Pesin said that the Trump administration is also looking for a person with wide financial knowledge “can bring credibility to the markets.”

Federal Chairman Jerome PowellWho was appointed by Trump in 2017, is scheduled to complete his term in May 2026.

Pesent also dealt with the renewal of the Federal Reserve on the amount of 2.5 billion dollars for the main building in the Dhabi neighborhood in Washington.

A rare look behind the scenes on the renovation of the Federal Reserve of $ 2.5 billion in Trump

“This construction project – I am not a creator – but I can tell you that if my company is losing 100 billion dollars a year … I may not have started a project like this,” said Pesin.

It has become a project to update the building’s safety and safety standards while preserving its historical structure The last flash point Between Trump and Powell.

A look at the battle that reveals between Trump and Powell on the federal reserve policy

In 2021, preliminary estimates to update the headquarters of the Federal Reserve was $ 1.9 billion, and then climbed later to $ 2.5 billion.

The Federal Reserve said in a statement that some of the unexpected conditions that appeared during the renewal include “more asbestos than expected”, as well as toxic pollution in soil and sink.

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P. The Trump administration has rejected that the continuous construction of the Federal Reserve includes luxury dining rooms, private elevators and garden terraces on the roof.

“The federal reserve is a sprawling organization, and I want to see someone who will rationalize it,” said Pesin.

The renewal project is expected to be completed in the fall of 2027, with the return of employees from Washington in the capital to the building most likely to the building in March 2028.