Scott Bessent Plans Interviews for New Fed Chair Candidates After Labor Day
Scott Bessent, Treasury Secretary, revealed plans to interview candidates for the Federal Reserve chair position. With a crowded field of 11 contenders, the White House aims to select the right individual soon. During a CNBC interview on Squawk Box, Bessent emphasized the administration’s commitment to easing policies. Easing could provide a much-needed boost to the struggling housing market. Understanding these leadership changes will be crucial for economic policy awareness in the coming months.