Overview
- Treasury Secretary Scott Bessent said he has one final second‑round interview today and expects a decision from the president before the holidays.
- The finalists are Fed Governors Christopher Waller and Michelle Bowman, former Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and BlackRock executive Rick Rieder.
- Federal Reserve Governor Christopher Waller confirmed he met with Bessent about 10 days ago and said he believes he fits the criteria for the job.
- President Donald Trump has pressed for lower interest rates and has criticized Jerome Powell, whose chair term ends in May 2026.
- Bessent has emphasized choosing a leader who can streamline the Fed’s complex operating framework, while markets look to the Dec. 9–10 meeting for the next rate decision.