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Interviews To Replace Fed Chair To Start After Labor Day, Bessent Says
Authored by Naveen Athrappully via The Epoch Times,
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," Bessent said, without providing any more details on the list.
"I'm going to be meeting with them probably right before [and] right after Labor Day, and to start bringing down the list to present to President [Donald] Trump."
This year, Labor Day falls on Sept. 1.
"It's an incredible group," Bessent said.
"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 chairman is nominated by the president for a four-year term and must be confirmed by the Senate.