WASHINGTON (AP) — Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. The names suggest that no matter who is picked, there will likely be big changes coming to the Federal Reserve next year. Bessent, who is leading the search for Powell’s replacement, last month published extensive criticisms of the Fed and some of the policies it has pursued from the Great Financial Crisis of 2008-2009 to the pandemic.
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