In a statement, Bessent, the current head of the Federal Reserve’s operations, indicated that the search for a new Chair is still in its early stages. He stated that he has one interview remaining to determine the best candidate for the position. Bessent’s assessment suggests the process may conclude before the Christmas holiday period. The selection process for the next Fed Chair is currently focused on identifying a qualified individual with the necessary expertise and experience to lead the financial institution. The search is expected to continue, with a timeframe currently projected to conclude before December 25th.
Credits: US Top News and Analysis
