US Treasury Secretary Bessent says he wouldn't say no to being Fed Chair at a later date, via WSJ; adds he has no interest in the presidency
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Ford Motor (F) and Chinese automaker Geely held talks as recently as this year exploring whether the European tie-up they are negotiating could extend into the US, but talks have stalled in recent months, via WSJ
Iran Parliament Media Office denies reports that Ghalibaf resigned as head of negotiating team, says no new round of talks have been scheduled yet
US Treasury Secretary Bessent says he wouldn't say no to being Fed Chair at a later date, via WSJ; adds he has no interest in the presidency
Treasury Secretary Bessent told the Wall Street Journal that the upcoming Trump-Xi summit is about “stability”
The news of Ghalibaf's resignation as head of the Iranian negotiating team is false, according to Mehr News
On the Newsquawk feed at , 20 minutes before this page.
Context
Treasury Secretary Bessent's comment about not ruling out a future candidacy for Fed Chair indicates potential shifts in market sentiment regarding U.S. monetary policy leadership. While it's largely speculative, it could influence expectations around future Federal Reserve decisions, impacting the USD and rates if investors sense a hawkish or dovish tilt based on his potential views. The broader implications could also affect cross-asset flows, particularly in fixed income and forex markets.
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