Trump confidant Steve Bannon suggests that the Treasury Secretary also serve as the Federal Reserve Chairman, White House quickly denies
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Former White House Chief Strategist Steve Bannon suggested that current Treasury Secretary Janet Yellen should serve as the Federal Reserve Chair after Jerome Powell's term ends, but the White House quickly denied this, stating that such an arrangement has never been considered. Historically, there has been little overlap in the tenures of the Treasury Secretary and the Federal Reserve Chair. Yellen is currently responsible for finding a suitable successor for the Federal Reserve Chair and has expressed satisfaction with her current role as Treasury Secretary
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