Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bessent: A candidate for Federal Reserve Chair may be selected before Christmas; I don't like the wording of this rate cut.

Bessent: A candidate for Federal Reserve Chair may be selected before Christmas; I don't like the wording of this rate cut.

ForesightNews2025/10/30 19:22
By: ForesightNews
The second round of interviews for the Federal Reserve Chairman is about to begin.
The second round of interviews for the Federal Reserve Chair is about to begin.


Written by: Bu Shuqing

Source: Wallstreetcn


On Thursday local time, U.S. Treasury Secretary Bessent stated that the second round of interviews for the Federal Reserve Chair is about to begin.


It is conceivable that we could select a candidate for the Federal Reserve Chair before Christmas.


According to a previous article by Wallstreetcn, the list of candidates for the Federal Reserve Chair has been narrowed down to five people. They are: current Federal Reserve Board members Christopher Waller and Michelle Bowman, former Federal Reserve Board member Kevin Warsh, White House National Economic Council Director Kevin Hassett, and BlackRock Inc. executive Rick Rieder.


Bessent expressed appreciation for the Federal Reserve's 25 basis point rate cut, but said she "did not like its wording." At the press conference following Wednesday's rate decision, Powell sent a hawkish signal, stating that inflation still faces upward pressure in the short term, employment faces downside risks, and the current situation is quite challenging. The committee remains highly divided on whether to cut rates again in December, and a rate cut is not a foregone conclusion.


Five Candidates Competing for the Federal Reserve Chair


This five-person list includes senior figures from within the Federal Reserve, the White House, and Wall Street. Bessent herself is leading the interview process for this selection.


Christopher Waller and Michelle Bowman, both on the list, are current members of the Federal Reserve Board, with extensive experience within the central banking system. Kevin Warsh previously served as a Federal Reserve Board member and played an important role during the financial crisis. White House National Economic Council Director Kevin Hassett represents a candidate from the executive branch of government. The final candidate is Rick Rieder, an executive from asset management giant BlackRock, who will bring an important market perspective to the selection.


In addition, President Trump reiterated on Monday that he does not expect Treasury Secretary Bessent herself to leave her current position to take over the Federal Reserve.


The timeframe for the selection process has become very clear. Bessent stated that after conducting more interviews, she plans to submit the final list of candidates to the President after Thanksgiving.


Trump has publicly set a deadline to make a decision by the end of the year. On Monday, in a speech to the media, Trump once again criticized current Chair Powell, whom he personally appointed, saying he is "not smart at all," and accused Powell of failing to cut rates significantly, thereby dragging down economic growth.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Galaxy Research Report: What Is Driving the Surge in Zcash, the Doomsday Vehicle?

Regardless of whether ZEC's strong price momentum can be sustained, this market rotation has already succeeded in forcing the market to reassess the value of privacy.

BlockBeats2025/11/05 16:04
Soros predicts an AI bubble: We live in a self-fulfilling market

When the market starts to "speak": an earnings report experiment and a trillion-dollar AI prophecy.

BlockBeats2025/11/05 16:03
Soros predicts an AI bubble: We live in a self-fulfilling market

The article uses Brian Armstrong's behavior during the Coinbase earnings call to vividly illustrate George Soros' "reflexivity theory," which posits that market prices can influence the actual value of assets. The article further explores how financial markets actively shape reality, using examples such as the corporate conglomerate boom, the 2008 financial crisis, and the current artificial intelligence bubble to explain the workings of feedback loops and their potential risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

MarsBit2025/11/05 15:06
In-depth Research Report on Perp DEX: Comprehensive Upgrade from Technological Breakthroughs to Ecosystem Competition

The Perp DEX sector has successfully passed the technology validation period and entered a new phase of ecosystem and model competition.

深潮2025/11/05 14:17

Trending news

More
1
Galaxy Research Report: What Is Driving the Surge in Zcash, the Doomsday Vehicle?
2
Soros predicts an AI bubble: We live in a self-fulfilling market

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,512.65
+0.72%
Ethereum
Ethereum
ETH
$3,389.69
-2.58%
Tether USDt
Tether USDt
USDT
$1
+0.04%
XRP
XRP
XRP
$2.26
-0.25%
BNB
BNB
BNB
$958.98
+1.67%
Solana
Solana
SOL
$159.26
-0.87%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.2872
+1.62%
Dogecoin
Dogecoin
DOGE
$0.1664
+2.07%
Cardano
Cardano
ADA
$0.5451
+0.94%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter