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.
