Bessent: 11 Fed Chair Interviews Start Near Labor Day

Candidate interviews for the Federal Reserve chair position will start around Labor Day, Treasury Secretary Scott Bessent said Tuesday.

While appearing on CNBC, Bessent said the race to replace current Chair Jerome Powell is between 11 candidates of various backgrounds. They include past and present Fed officials, economists, a White House adviser, and Wall Street experts.

“In terms of the interview process, we’ve announced 11 very strong candidates. I’m going to be meeting with them probably right before, right after Labor Day, and to start bringing down the list to present to President [Donald] Trump,” Bessent said on “Squawk Box.” “It’s an incredible group.I’m looking forward to meeting all of them with a very open mind.”