Bessent to meet with Fed candidates around Labor Day to winnow list

19-08-2025 22:45 HKT

U.S. Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank?? 2025 annual Spring Meetings in Washington, D.C., U.S., April 23, 2025. REUTERS/Elizabeth Frantz

US Treasury Secretary Scott Bessent said he will begin meeting with 11 strong candidates to replace Federal Reserve Chair Jerome Powell around the September 1 Labor Day holiday, with the goal of reducing the list to present to President Donald Trump.

Bessent told CNBC in an interview that the candidates were "an incredible group" and he looked forward to meeting all of them with an open mind.

"I'm going to be meeting with them, probably right before, right after Labor Day, and to start bringing down the list to present to President Trump," he said.

Reuters

Scott Bessent Federal Reserve Fed Powell

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