President Trump is getting closer to naming his pick for Federal Reserve chairman. Treasury Secretary Scott Bessent wrapped up a second round of interviews this week for a new Fed chair, and he told CNBC there was a good chance the president would announce his pick before Christmas. Meanwhile, Bloomberg News reported that White House […]
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Bessent: Trump could announced Fed pick before Christmas
President Trump is getting closer to naming his pick for Federal Reserve chairman. Treasury Secretary Scott Bessent wrapped up a second round of interviews this week for a new Fed chair, and he told CNBC there was a good chance the president would announce his pick before Christmas. Meanwhile, Bloomberg News reported that White House economic adviser Kevin Hassett is seen by allies and presidential advisers as the frontrunner. Donald Trump has been sharply critical of Fed Chairman Jerome Powell, whose leadership term expires in May.