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Bessent: New Fed Chief Must Go Beyond Monetary Policy

Treasury Secretary Scott Bessent outlined his vision for the next Federal Reserve chair in a recent interview, emphasizing the need for someone who can examine the entire organization beyond just monetary policy.

“It’s someone who has to have the confidence of the markets, the ability to analyze complex economic data” Bessent says new Fed chair should be someone who can examine organization, Nikkei reports | 104.1 KSGF, Bessent told Japan’s Nikkei newspaper.

He stressed the importance of forward-thinking leadership rather than relying solely on historical data. Bessent is currently leading the search for Jerome Powell’s successor, with an expanded list that includes former Fed officials and economic consultants, as Powell’s term expires in May 2026.

Gold bar in front of a laptop displaying CPI and inflation charts — illustrating the gold inflation paradox
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