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
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.
US Treasury Secretary Bessent on Canadian relations, says, in the end "I think we will end up in a good place"; USMCA talks are coming up, via CNBC
US Treasury Secretary Bessent says there is no trade deal with South Korea until they ratify the deal, via CNBC; on the EU, he calls them disappointing after freezing the trade deal during President Trump's Davos speech
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
US Treasury Secretary Bessent says "we are absolutely not intervening in USD/JPY currently", via CNBC; US does not speculate on interventions
US Treasury Secretary Bessent says the US always has a strong USD policy, via CNBC
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- Bessent says he doesn't make chair recommendation.
- They have four great candidates for Fed Chair.
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.
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