Slatestone Wealth Chief Market Strategist Kenny Polkari discussed the role of global affairs on the markets on Claiman Countdown.
Treasury Secretary Scott Besant said on Tuesday that the Trump administration will start its interview process for potential candidates. federal Reserve After labor day.
Bessent was interviewed CNBC’s “squalk box” And said that there are currently 11 candidates under consideration for the role, including a group of contenders who used to work in the present or the first Fed.
“In the context of the interview process, we have announced 11 very strong candidates,” Besant said. “I am going to start bringing the list down probably before, just after Labor Day, and to present President Trump.”
He said that this is “an incredible group” and it is “those who are now in the fed, fed and private sector,” saying “I am eager to meet them with a very open mind.”
Besant underlines the qualities he is searching because he fulfills Trump’s fed shortlist
Treasury Secretary Scott Besant said that he will start interviewing the Fed Chairman candidates around Labor Day weekend. (Al Drago / Getty Image / Getty Image)
Potential contenders for the chairmanship include Fed Governor Michelle Boman and Christopher Waller, White House National council Director Kevin Haset and former Fed Governor Kevin Wars.
Those four were initially considered to be at the forefront, although the region has been expanded to include Fed Governor Philip Jefferson, Dallas Fed Chairman Laurie Logan, as well as former Fed Governor Larry Lindsay and former St. Louis Fed president James Bullard.
Rick Rider, Blackrock Chief Investment Officer For global fixed income, David Zarvos, Mark Sumerline, the main market strategist for Jeffers and former Deputy Director of the National Economic Council, is also under consideration.
President Trump appointed Jerome Powell as a fed chair in 2017, although he has repeatedly criticized him for years. (Through Saul Loaib / AFP Getty Image / Getty Image)
Fed chair Zerome poly The word as the Speaker is ready to end in May 2026, although the Trump administration may soon nominate its successor to indicate a more monetary policy.
chairman Donald Trump And their colleagues are advocating Fed to cut interest rates in the hope of economic development and reduce the cost of service to national loan more than $ 37 trillion.
The Treasury Secretary warned that the current level of interest rates is creating some issues in the housing market as well as some issues for “low-income homes with high credit card loans”.
Now Fed Betting Fed will cut rates after displaying jobs report in September
The term of Federal Reserve President Geom Powell ends in May 2026, although he may continue as a Fed Governor after that time. (Kent Nishimura / Getty Image / Getty Image)
“We are looking at this big capex boom, it is part of AI, it is part of the tax bill. So Capax is doing well, but the houses, home construction struggling,” Besant said.
Besent said in an interview that he believes that the Fed should cut the 50-basis-points in interest rates-which will be larger than a decrease in 25-base-points that the market has estimated-in an attempt to motivate the migration industry.
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“If we obstruct the construction of the house, what kind of inflation makes one or two years? So a cut here can facilitate a boom or a pickup in the construction of the house, which will keep prices one, two years below the road,” Besant said.
