As it stands, Bessent, Hassett or Warsh could not join the central bank's seven-member board until Fed Governor Adriana Kugler's seat expires in February. Bessent said this week a "formal process ...

There is only one upcoming vacancy on the board of governors, with Adriana Kugler's term up at the end of January 2026. Powell's time as chair runs out in May 2026, but he can stay on as governor ...

As it stands, Bessent, Hassett or Warsh could not join the central bank's seven-member board until Fed Governor Adriana Kugler's seat expires in February.