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White House Interviewing ‘11 Very Strong Candidates’ to Replace Jerome Powell: Scott Bessent

The next head of the Federal Reserve will be an expert in monetary and regulatory policy, Bessent says.
White House Interviewing ‘11 Very Strong Candidates’ to Replace Jerome Powell: Scott Bessent
The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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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.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."