Former President Trump reiterates his desire to appoint Treasury Secretary Scott Bessent as the next Federal Reserve chair, despite Bessents public reluctance. Trumps choice could lead to swift interest rate cuts and significant changes, aligning with Bessents past criticisms of the Feds actions. Bessent, currently leading the search for a new chair, is considered a top contender among five candidates, including current Fed officials and outsiders like Kevin Warsh, who has also been critical of the institution. The final decision is expected by mid-December.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
