U.S. Treasury Secretary "Fed chair announcement imminent… very likely before Christmas"
Minseung Kang
Summary
- Scott Bessent, U.S. Treasury Secretary, said the nomination of the next Fed chair is very likely to be announced before Christmas.
- He said the current Fed chair candidate pool has been narrowed to 5, and the final interview of the second round is scheduled to take place that day.
- Secretary Bessent mentioned that, regarding the current monetary policy framework, the abundant reserve system may be shaken.
On the 25th, according to overseas economic breaking news channel Walter Bloomberg, Scott Bessent, U.S. Treasury Secretary, said in a CNBC interview, "It is very likely that the nomination of the next Fed chair will be announced before Christmas."
He said, "The current pool of Fed chair candidates has been narrowed to 5, and the final interview of the second round is scheduled to take place that day."
He also mentioned regarding the current monetary policy framework, "The abundant reserve system may be shaken."
Bessent added, "The remark that President Trump said he might fire him was also a joke."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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