Trump on Fed: We will name a new chairman early

Fed’s Bostic: Strong Labor Market Gives Room To Wait On Policy Move Fed's Bostic: Unemployment remains remarkably low. Fed's Bostic: Data suggests labor markets weakened over last 3 months. Fed's Bostic: Im trying to determine how much the labor market has softened.

US Treasury Secretary Bessent on Fed: I think we could go into a series of rate cuts. US Treasury Secretary Bessent: We should be 150,-175 bps lower on the Fed's rate now. BESSENT ON FED CHAIR NAMES: GOING TO CAST WIDE NET, 10-11 PEOPLE Bessent States That Trump Previously Considered Yellen and John Taylor for Key Positions BESSENT: I CALLED FOR SHADOW FED CHAIR BUT DON'T THINK SO NOW

Fed's Goolsbee: It is entirely possible to cut in anticipation if you think inflation is on a path to 2%, then stop or hike if information contradicts. FED'S GOOLSBEE: FED'S FALL RATE-SETTING MEETINGS WILL ALL BE LIVE SOME JOB MARKET DATA SHOW IT'S SOLID, SOME SHOW CONCERNS FED WOULD NEED TO CUT RATES IF LABOR MARKET IS DETERIORATING; NOT SURE THAT'S WHAT'S HAPPENING NEED MULTIPLE MONTHS OF FAVORABLE INFLATION READING TO…