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On the search for the next Fed Chairman there is no frontrunner; Treasury Secretary says he has not yet finished the interviews
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Bessent says theres a very good chance Trump names new Fed chair before Christmas Treasury Secretary Scott Bessent said Tuesday he expects President Donald Trump to make a decision on the new Federal Reserve chair by the holiday season. In a CNBC interview, Bessent, who has been heading the search for a successor to current Chair Jerome Powell, said he still has one interview to go and was not ready to speculate on who might get the job. I think theres a very good chance that the president will make an announcement before Christmas, he said. But its his prerogative, whether Its the before the Christmas holidays or in the new year. But I think things are moving along very well.