WASHINGTON–Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new Federal Reserve leader, and there was a good chance President Donald Trump would announce his pick before Christmas.
White House economic adviser Kevin Hassett is seen by allies and advisers of Trump as the frontrunner, Bloomberg reported, citing unnamed people familiar with the matter. Hassett, like Trump, has said interest rates should be lower than they are now under the leadership of Fed Chair Jerome Powell.
Bessent has narrowed the search for a successor to Powell, whose leadership term expires in May, to Hassett and four others from as many as 11, and said in an interview with CNBC the latest interviews have focused on how the candidates would guide what has become a “very complicated operation.”…
Good Chance Trump May Unveil Fed Pick by Christmas, Bessent Says
