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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.

American Gold Eagle coin and a gold bullion bar, the two product types eligible for a gold IRA
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What Is a Gold IRA? The Purity Rule the IRS Never Wrote

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A plain metal coin balanced on its edge on dark stone, representing the coin-flip odds in the Waller rate hike gold price debate.
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The Fed Just Priced Out Half a Rate Hike. Gold Barely Noticed.

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Latest News

A plain metal coin balanced on its edge on dark stone, representing the coin-flip odds in the Waller rate hike gold price debate.
News

The Fed Just Priced Out Half a Rate Hike. Gold Barely Noticed.

September rate hike odds fell to roughly 50.3% after Fed Governor Christopher Waller signalled he could support a hold. Gold barely responded. It had already banked a 2.4% gain before he spoke, then slipped. Here is which channel is actually driving the metal, and what August CPI decides.

Read More »

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