Search for a New Fed Chair: The Exciting Round of Candidates

In the United States, the process of appointing a new chair for the Federal Reserve has taken an interesting turn. Treasury Secretary Scott Bessent announced that he would soon be interviewing numerous candidates to succeed Jerome Powell. The goal is to complete the first round of discussions by the first week of October. In a conversation with the Fox Business Network, Bessent revealed that he was positively surprised by the quality of some candidates, but refrained from disclosing specific names. For Bessent, it is important to find a leader open to new approaches in managing the US central bank. This trait will play a crucial role in selecting the appropriate successor.