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Scott Bessent completes Fed chair interviews ahead of Trump's decision

Nov 26, 2025, 1:00 AM20
(Update: Nov 26, 2025, 12:22 PM)
American businessman
central banking system of the United States
president of the United States from 2017 to 2021
United States federal executive department

Scott Bessent completes Fed chair interviews ahead of Trump's decision

  • Scott Bessent finished interviewing candidates for the Federal Reserve chair position, narrowing down the pool to five contenders.
  • President Trump is expected to make a decision on the next chair by Christmas, as indicated by Bessent's comments.
  • The selection of a new Fed chair could significantly influence U.S. monetary policy and economic direction.
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In the United States, Treasury Secretary Scott Bessent concluded interviews for the Federal Reserve chair position. This process started around Labor Day and culminated in a shortlist of five candidates to be sent to President Donald Trump for final selection before Christmas. Key figures among these candidates include Kevin Hassett, Trump's top economic advisor, and Christopher Waller, a current Federal Reserve governor who has engaged in discussions regarding economic policies with Bessent. Their conversations have primarily focused on economic factors rather than political arguments. Bessent indicated that a decision from Trump could happen by Christmas, but the speculation remains until the official nomination is made public. Furthermore, Hassett's strong support for aggressive rate cuts aligns him with Trump’s past criticisms of Federal Reserve Chair Jerome Powell. Other notable candidates include Kevin Warsh, Michelle Bowman, and Rick Rieder, all bringing significant experience to the table. The nominated candidate will require confirmation by the Senate before taking office. The discussions around who will head the Federal Reserve are crucial given the influence such a chair has over the country's monetary policy and economic outlook. The recent dialogue surrounding potential nominees showcases a complex interplay of loyalty, experience, and adherence to particular economic philosophies that could shape the future of the U.S. economy.

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