Overview
- Four finalists are Kevin Hassett, Christopher Waller, Kevin Warsh and BlackRock’s Rick Rieder.
- Bessent said Rieder has not been interviewed, while the other three have met with the president.
- He noted Rieder is the only candidate without prior Federal Reserve experience.
- Powell’s term as chair expires in May, setting the timeline for a handover.
- The administration is pressing for faster rate cuts than markets and recent Fed projections anticipate, with Bessent publicly calling for easier policy.