Fed succession race: US Treasury chief Scott Bessent says interviews for new chair to begin September 1, 11 candidates in fray
Tuesday, 19 August 2025 () Treasury Secretary Scott Bessent announced that interviews to find Jerome Powell's replacement as Federal Reserve Chair will commence around September 1, with 11 candidates being considered. President Trump's selection is closely watched given his past criticism of the Fed's cautious approach to interest rate cuts. The pool includes individuals from within the Fed, former members, and the private sector.
Trump has officially ruled out Scott Bessent for the next Fed chair, telling CNBC that Bessent “wants to stay where he is.” The decision follows the surprise resignation of Fed Governor Adriana..
Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell, calling him “Too Late” and blaming him for crippling interest rates. In a fiery speech, Trump accused Powell of..
Tuesday, 19 August 2025 ()
![Trump SNUBS Scott Bessent For Fed Chair |‘Shadow Chair’ Plan Fuels Speculation About Powell Exit [Video]](https://video.newsserve.net/300/v/20250806/1418728112-Trump-SNUBS-Scott-Bessent-For-Fed-Chair.jpg)
![Trump BLASTS Fed Chair Jerome Powell | ‘He will be out soon’ | Clash over Interest rates escalates [Video]](https://video.newsserve.net/300/v/20250722/1417316890-Trump-BLASTS-Fed-Chair-Jerome-Powell-He.jpg)
