Reported about 15 hours ago
Scott Bessent is carefully selecting candidates for Federal Reserve chair while managing President Trump's demands for aggressive rate cuts, aiming to avoid the pitfalls faced by former Treasury Secretary Steven Mnuchin. Bessent's approach is more measured, focusing on a transparent selection process that balances the needs of the markets and Trump’s preferences. As he interviews candidates, he seeks to ensure the chosen chair maintains market confidence amid concerns of potential inflation and economic turmoil from drastic rate cuts.
Source: YAHOO