financetom
Economy
financetom
/
Economy
/
Treasury's Bessent says he's looking for someone with an open mind for Fed chair
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Treasury's Bessent says he's looking for someone with an open mind for Fed chair
Sep 24, 2025 5:48 AM

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said he would interview a lot of candidates next week to replace Jerome Powell as chair of the Federal Reserve, with an eye to completing the first round of interviews by the first week of October.

Bessent told Fox Business Network's "Mornings with Maria" that he was surprised by the strength of some candidates, but declined to name them.

He said he was looking for someone with an open mind to lead the U.S. central bank.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed proposes to establish limited payment accounts
Fed proposes to establish limited payment accounts
May 20, 2026
WASHINGTON, May 20 (Reuters) - The U.S. Federal Reserve proposed Wednesday adopting a new, more limited form of a payment account that would allow firms like fintechs the ability to move money across the Fed's payment rails without enjoying all the backstops available to traditional banks. In a statement, the Fed said the proposed accounts would not include access to...
Fed Officials Flag Rate Hike Possibility if Inflationary Pressures Persist, FOMC Minutes Show
Fed Officials Flag Rate Hike Possibility if Inflationary Pressures Persist, FOMC Minutes Show
May 20, 2026
03:43 PM EDT, 05/20/2026 (MT Newswires) -- Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed Wednesday. At that meeting, the Federal Open Market Committee decided to keep its policy rate unchanged between 3.50% and 3.75% for...
Cargill locks out 1,700 workers at US beef plant in labor dispute
Cargill locks out 1,700 workers at US beef plant in labor dispute
May 20, 2026
CHICAGO, May 20 (Reuters) - Cargill stopped paying about 1,700 employees at a beef plant in Fort Morgan, Colorado, on Wednesday in an escalating labor dispute, after suspending cattle slaughtering at the facility a month ago, the workers' union said.    The U.S. beef industry is in a period of upheaval as prices have set records this year, with strong demand...
US Dollar Rises Early Thursday Ahead of Busy Economic Data Schedule
US Dollar Rises Early Thursday Ahead of Busy Economic Data Schedule
May 21, 2026
07:45 AM EDT, 05/21/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of a busy schedule of economic releases, starting with the Philadelphia Federal Reserve's manufacturing reading for May, weekly jobless claims, and housing starts data for April, all at 8:30 am ET. The S&P global flash estimates of May manufacturing and services...
Copyright 2023-2026 - www.financetom.com All Rights Reserved