Scott Bessent Says Interviews Of Potential Fed Chair Candidates Will Likely Begin After Labor Day: ‘It’s An Incredible Group’

Treasury Secretary Scott Bessent on Tuesday announced that he will likely begin interviews of potential candidates for Federal Reserve Chair after Labor Day.

In an interview with CNBC, Bessent said he will work on trimming down the list from 11 candidates currently to a smaller one before presenting it to President Donald Trump for further consideration.

“In terms of the interview process, we’ve announced 11 very strong candidates. I’m going to be meeting with them probably right after Labor Day, and to start bringing down the list to present to President Trump. It’s an incredible group,” Bessent said during the interview, confirming prior reports of the list comprising 11 candidates.

Here’s the full list of Fed Chair candidates:

• Kevin Hassett
• Kevin Warsh
• Rick Rieder
• David Zervos
• Larry Lindsey
• Michelle Bowman
• Chris Waller
• Philip Jefferson
• Marc Summerlin
• Lorie Logan
• James Bullard

This comes at a time when President Trump has shown no qualms about his disagreements with Fed Chair Jerome Powell and his status quo stance on interest rates.

Bessent reiterated the Trump administration’s calls for interest rate cuts, saying that lower rates would give a boost to the housing sector and help keep prices down one or two years down the road.

Meanwhile, U.S. equities opened lower on Wednesday. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.07%, while the Invesco QQQ Trust (QQQ) fell 0.41%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.

Also See: Scott Bessent Says India Is Profiteering From Russian Crude Oil Imports, Calls It 'Unacceptable'

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on