US EditionBessent says there’s a ‘very good chance’ Trump names new Fed chair before Christmas
- On Tuesday, Treasury Secretary Scott Bessent said he expects President Donald Trump to decide the new Federal Reserve chair by the holiday season and added there's a very good chance the announcement will come before Christmas.
- President Donald Trump has pressured the Fed by recently saying he'd `love` to fire Jerome Powell and urging Scott Bessent to 'work on' the chair, joking 'if you don't get it fixed fast, I'm gonna fire your ass.'
- In a CNBC interview, Scott Bessent said he still has one interview to go and that the Federal Reserve chair search is progressing with 'things moving along very well.'
- Characterizing the tone, Scott Bessent told reporters `If you were in the if you were in the room, he was joking` and noted the timing is the president's prerogative.
- At a Madrid press event on September 15, 2025, Scott Bessent stressed monetary policy has become very complicated, highlighting the importance of the Federal Reserve chair choice.
31 Articles
31 Articles
Hassett Emerges as Fed Chair Frontrunner | Balance of Power: Early Edition 11/25/2025
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses new reporting on the race to be the next Federal Reserve Chair. On today's show, Foundation for American Innovation Senior Fellow Dean Ball, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, S-3 Group Partner Ashley Davis and Stimson Center Senior Fellow Kelly Grieco. (Source: Bloomberg)
Trump will likely pick Powell’s successor before Christmas: Bessent
Treasury Secretary Scott Bessent on Tuesday announced he is wrapping up interviews with candidates to succeed Federal Reserve Chair Jerome Powell, saying the Trump administration could reveal the final pick by the end of the year. Bessent is nearing the end of selecting candidates to recommend to President Donald Trump to replace Powell, whose term expires in May. In an update on the process this week, Bessent said he is looking for someone ab…
The White House wants to speed up the relief in the Federal Reserve (Fed). Treasury Secretary Scott Bessent said this Tuesday that he expects the President of the United States, Donald Trump, to make a final decision on the new president of the central bank before Christmas, which will replace the vilified Jerome Powell.
Treasury Secretary Scott Bessent said today that he expects President Donald Trump to make a decision on the new president of the Federal Reserve before the December holidays. In an interview with CNBC, Bessent, who has led the search for the successor of the current president, Jerome Powell, said that he still has an interview and was not ready to speculate about who could get the job. "I think there is a good chance that the president will mak…
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