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Bessent emerges as possible contender to succeed Fed’s Powell

From finance.yahoo.com

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent. President Donald Trump said Friday he would name a successor “very soon” to replace Jerome Powell, whose term as Fed chair ends in May 2026. The small list of candidates under consideration has included Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary role in November, according to people familiar with the matter. But Bessent — who is leading Trump’s effort to kickstart the US economy with sweeping ... (full story)

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  • Category: Fundamental Analysis