Bessent Says Fed Chair Pick Could Come as Soon as Next Week

Bessent Says Fed Chair Pick Could Come as Soon as Next Week

Bloomberg.com business

Key Points:

  • US Treasury Secretary Scott Bessent indicated that President Donald Trump might announce his choice for the next Federal Reserve chair as early as next week.
  • Bessent highlighted that there are four strong candidates under consideration for the central bank leadership role.
  • The announcement is expected amid significant anticipation surrounding the White House's search for a new Federal Reserve chief.
  • Bessent made these remarks during a press conference at the World Economic Forum in Davos.