White House Interviewing ‘11 Very Strong Candidates’ to Replace Jerome Powell: Scott Bessent

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White House Interviewing ‘11 Very Strong Candidates’ to Replace Jerome Powell: Scott Bessent

The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times

Treasury Secretary Scott Bessent said he will give President Donald Trump a shortlist of Federal Reserve chair candidates after Labor Day.

In an Aug. 27 Fox Business interview, Bessent stated he and other White House officials will be interviewing “11 very strong candidates” to succeed Fed Chair Jerome Powell. The process, he noted, will begin after Labor Day.

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