Bessent leads a broad search for Fed chair that includes Bullard and Sumerlin: Reuters | Metals Mine

  • Bessent leads a broad search for Fed chair that includes Bullard and Sumerlin: Reuters

    From cnbc.com

    U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a past regional Fed president, a source familiar with the process told Reuters on Friday. The list includes St. Louis Fed President James Bullard and Marc Sumerlin, a former economic adviser to President George W. Bush, the source said, confirming an earlier report by The Wall Street Journal that said there were now about 10 contenders for the spot. President Donald Trump last week said he had narrowed the list to four. National ... (full story)

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Schultz
Aug 10, 2025 10:24am — Edited
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Someone with a good knowledge of monetary economics would be good. I don't read anyone talking about money supply or the velocity of money etc. Powell certainly couldn't. He was a lawyer. I have read Miran, who should, but doesn't.

Bernanke did. Bernanke said in a speech honouring Milton Friedman -

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again.

For that one person scratching their head, that was 2002.
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Trader#F2DB
Aug 9, 2025 9:27pm
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Quoting Trader#DDAC
Bessent already said he doesn’t want the job … try to keep up cnbc!
He said he doesn’t want it? Oh no, guess we better cancel the entire vetting process because random internet comment guy cracked the case. MAGA
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Trader#3C62
Aug 10, 2025 12:57am
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These MAGA people really need to read Sir Karl Popper's "An Open Society and its Enemies". Actually, we probably all should read or re-read this classic to remind ourselves that the world is facing a significant totalitarian threat from this US regime. God only knows what Scott Bessent really thinks - he is way too smart to believe this nonsense.
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Max1010
Aug 10, 2025 4:09am
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Indeed Jerome Powell needs a successor
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Trader#DDAC
Aug 9, 2025 3:52pm
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Bessent already said he doesn’t want the job … try to keep up cnbc!
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