US Treasury Secretary Scott Bessent addressed recent interviews regarding the Federal Reserve’s leadership. He highlighted a central concern: simplifying the Fed’s operations, which he perceives as increasingly complex. Bessent noted the need for a clearer framework for managing money markets. He emphasized the importance of streamlining the Fed’s tools and processes. He stated his desire to identify a candidate that will enhance the Fed’s operational efficiency and effectiveness, aiming for a final selection by December 25th.
Credits: News – South China Morning Post
