US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week

US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week.

The mention by Treasury Secretary Bessent of four strong candidates for the new Fed chair and the potential for an imminent announcement indicates heightened market anticipation around future monetary policy direction. This news could shift market positioning, particularly in fixed income and USD, as traders reassess the rate path depending on who is ultimately chosen and their policy stance. Be mindful of how this could affect risk sentiment leading into next week, especially if the announcement aligns with broader economic expectations or adjustments.