Treasury chief Bessent eyes 11 contenders for Federal Reserve chair role

Treasury Secretary Scott Paystint said on Tuesday that the Trump administration will start the interview with potential candidates to be head of Federal Reserve After working day.

Bessent was interviewed on CNBC’s “Squawk box” He said that there are currently 11 candidates under consideration, including a group of competitors who have currently or formerly at the Federal Reserve.

“With regard to the interview, we have announced 11 very strong candidates,” said Pesin. “I will likely meet with them directly, immediately after the Day of Workers, and start dropping the list to present it to president Trump.”

He said it is an “incredible group” and it is “people at the Federal Reserve now, who were at the Federal Reserve and the private sector,” adding “I look forward to their meeting with a very open mind.”

BESSENT determines the traits he is looking for while he is in a short period of TROMP Trump Fed

Among the potential competitors of the presidency are federal conservatives, Michel Buman, Christopher and Er, the White House National Economic Council Director Kevin Haysit and former Federal Reserve Governor Kevin Warb.

It was initially believed that the four applicants, although the field has since expanded the Federal Reserve Governor Philip Jefferson, the head of the Federal Reserve in Dallas Lori Logan, as well as former Federal Reserve Governor Larry Lindsey and former Saint -Luis President James Pollard.

Rick Reader, Blackrock investment official For global fixed income, David Zarfous, the chief strategy of the market for Ceffrez and Mark Samlin, the former deputy director of the National Economic Council, is under study.

Trump says the head of the Federal Reserve to search for “three or four” candidates, with an announcement “a little early”

President Trump appointed Jerome Powell as President of LVA in 2017, although he had repeatedly criticized him in the years. (Saul Lub / AFP via / Getty Images)

Federal Reserve Chair Jerome Powell The Chairman of the Board of Directors is scheduled to end in May 2026, although the Trump administration has urgently nominated him to refer to a more exact financial policy.

president Donald Trump His allies were pressuring the federal reserve to reduce interest rates in the hope of stimulating economic growth and reducing the cost of national debt service more than $ 37 trillion.

The Treasury Minister warned that the current level of interest rates creates some issues in the housing market, as well as “low -income families with high credit cards debts.”

The markets will now bet on the price reduction in September after the disappointing jobs report

The duration of the Federal Reserve Chairman, Jerome Powell, ends in May 2026, although he may continue as the court of the Federal Reserve after that time. (Kent Nishimura / Getty Images)

“We are witnessing this large Capex mutation, which is part of the AI, which is part of the tax bill. So Capex works well, but families, building houses are struggling.”

Pesin said in the interview that he believed that the Federal Reserve should reduce interest rates by 50 points-which will be greater than the reduction of the Passes 25 points expected by the market-in an attempt to stimulate the housing industry.

Get Fox Business on the Go by clicking here

“If we continue to restrict home construction, what kind of inflation that creates this for a year or two? So the reduction here can facilitate a boom or pickup in the house building, which will keep prices low for two years,” said Pesint.