Treasury Secretary Scott Bessent on Monday confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five, with the winner likely to be named by the end of the year. Speaking to reporters on Air Force One, Bessent said the finalists are current Fed Governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Governor Kevin Warsh and BlackRock executive Rick Rieder, according to several media outlets. Those names were reported earlier this month by CNBC. Bessent, who had been rumored to be a top candidate as well, has ... (full story)