Treasury Secretary Scott Bessent plans to present President Trump with a shortlist of candidates for the next Federal Reserve chair in December. The finalists include Michelle Bowman, Christopher Waller, Kevin Hassett, Kevin Warsh, and Rick Rieder. Bessent confirmed he is not a candidate. The new chair will take office in May 2026, succeeding Jerome Powell. Trump has advocated for interest rate cuts, while investors worry about market volatility and inflation. Bessent values open-mindedness and management skills in candidates. Stay tuned for updates on this developing story. (Word count: 80)

Read more at Quiver Quantitative: Treasury Secretary Bessent to Present Trump With Federal Reserve Chair Candidates in December