US Treasury Secretary Bessent on the Fed says that he spoke to the US President Trump on Tuesday and they have not narrowed or expanded the list, via CNBC

• Bessent says he doesn't make chair recommendation.
• They have four great candidates for Fed Chair.

This comment from Treasury Secretary Bessent regarding potential Fed Chair candidates indicates that the administration has a strong pool of contenders, but no decisions have been made yet. The lack of movement on narrowing the choices suggests stability in Fed leadership expectations for the time being, which could influence market sentiment and Fed policy continuity. Traders should consider how this uncertainty might affect both fixed income and equity markets as any future announcements could shift expectations around monetary policy.