Scott Bessent Begins Interviews for Federal Reserve Chair, Potential Leadership Shifts Await

The U.S. Treasury Secretary, Scott Bessent, is set to begin interviewing potential successors for Jerome Powell as the next Fed chair this Friday. This process will involve a pool of 11 candidates, including prominent figures from both the Fed and private sector, with President Trump heavily involved in shaping the selection. Public tension surrounding the selection process stems from concerns regarding the current Fed’s policy direction, particularly interest rates. These potential shifts in leadership are expected to impact financial markets globally, especially those in cryptocurrencies.