New Fed chair could be set in next month: US Treasury Secretary

Last Updated: Thu, Oct 12, 2017 18:28 hrs
U.S Treasury Secretary Steven Mnuchin appears in front of the Senate Appropriations Subcommittee hearing on proposed budget estimates and justification for FY2018 for the Treasury Department on Capitol Hill in Washington

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin said on Thursday President Donald Trump could decide on a new chair of the Federal Reserve in the next month, but added that no specific deadline for the nomination had been set.

"I think given the timing of this, this is something that the president is focused on, trying to make a decision in the next month, although we don't have a specific deadline," Mnuchin said in an interview with CNBC.

More from Sify: