US Treasury Secretary Scott Bessent announced on Wednesday that he plans to present a narrowed-down list of three or four candidates for the Federal Reserve chair position to President Donald Trump after Thanksgiving.
The shortlist comes after a series of intense interviews with potential candidates, and Trump will have the final say in selecting a new leader for the US central bank.
Bessent, speaking at a CNBC event on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, said Trump would take input from a wide range of advisers before making a decision.
“At the end of the day, he’ll take input like he always does from dozens, hundreds of people and then make a decision,” Bessent explained.
When asked if the desire to lower interest rates w