Trump's Fed Pick: Top Contenders & Next Meeting

Treasury Secretary Scott Bessent hints at potential Federal Reserve chief announcement before Christmas, with Kevin Hassett and Kevin Warsh as top contenders. The search process is nearing completion, with five candidates remaining, including current Fed Governors Christopher Waller and Michelle Bowman, investment executive Rick Rieder, and White House economic advisor Kevin Hassett. The Feds next meeting is set for December ninth and tenth, where they will consider cutting borrowing costs or maintaining current rates, despite delays in key economic data releases due to recent government shutdowns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.