There is “a very good chance” that President Trump names a replacement for Fed Chair Jerome Powell by Christmas, Treasury Secretary Scott Bessent said Tuesday.
Bessent, who has been leading search efforts for a new Fed leader, told CNBC he still has one interview left and is not ready to speculate on who might succeed Powell, whom Trump has said he’d “love” to fire.
But White House National Economic Council Director Kevin Hassett is reportedly seen by advisers and allies of Trump as the frontrunner, sources familiar with the matter told Bloomberg.
Read more at https://nypost.com/2025/11/25/business/bessent-says-theres-a-very-good-chance-trump-names-new-fed-chair-before-christmas/
#scottbessent #trump #christmas
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