Bessent Says Senate Will Be Happy With Any of Four Fed Candidates
In an interview with NBC News, Treasury Secretary Scott Bessent stated that the Senate would be "quite happy" with any of the four "great" candidates the Trump administration is considering to replace Federal Reserve Chair Jerome Powell. Bessent did not reveal the names of the potential nominees, but he emphasized that they are all highly qualified individuals. The announcement comes as the Trump administration prepares to make a decision on the next Fed chair, with Powell's term set to expire in February 2023. The Senate will ultimately have the final say in confirming the President's nominee, and Bessent expressed confidence that the chamber will be satisfied with the administration's choice.
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