Potential candidate interviews for the post of the new Federal Reserve chairman will be happening soon, Treasury Secretary Scott Bessent said in an Aug. 19 interview with CNBC.
“In terms of the interview process, we’ve announced 11 very strong candidates. I’m gonna be meeting with them probably right before/right after Labor Day, and to start bringing down the list to present to President [Donald] Trump,” Bessent said, without providing any more details on the list. This year, Labor Day falls on Sept. 1.
“And it’s an incredible group. It’s people who are at the Fed now, have been at the Fed, and private sector. So I’m looking forward to meeting all of them with a very open mind.” The Fed chair is nominated by the president for a four-year term and must be confirmed by the Senate….