Treasury Secretary Scott Bessent said he will give President Donald Trump a shortlist of Federal Reserve chair candidates after Labor Day.
In an Aug. 27 Fox Business interview, Bessent stated he and other White House officials will be interviewing “11 very strong candidates” to succeed Fed Chair Jerome Powell. The process, he noted, will begin after Labor Day.
While Bessent did not provide names, he noted that the president already knows some of them. After the interviews, he will present Trump “with three or four candidates,” he said.
Ultimately, the next head of the Federal Reserve will be an expert on monetary and regulatory policy, he said, “and knows how to run a sprawling institution.”…