US Treasury Secretary Scott Bessent said on Thursday that the announcement of a new Federal Reserve (Fed) Chair nominee is expected to occur in December or January next year, per Bloomberg.

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"The Fed publishes something called a summary of economic projections, and it's pretty politically biased," Bessent said, ...

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In the interview, Bessent again noted that Trump has said he is not going to fire Powell. The president reportedly openly mulled the idea of firing the Fed chair in a meeting with lawmakers last week, ...