(Reuters) -Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott Bessent last week in connection with the White House search for a new Fed chair, and told Bessent that he'd be "happy to proceed however they want to proceed."

U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk,

U.S. Treasury Secretary Scott Bessent says the next leader of the Federal Reserve should be someone capable of taking a broad view of the institution beyond