US Treasury Secretary Bessent says President Trump's Fed chair pick may come in week or so, Yahoo reports

US Treasury Secretary Bessent says President Trump's Fed chair pick may come in week or so, Yahoo reports.

The reports about Treasury Secretary Bessent indicating that President Trump's Federal Reserve chair pick could be announced in the coming week suggest potential shifts in monetary policy expectations. This could create volatility across asset classes, especially in fixed income and the forex markets, as traders adjust their bets on rate paths based on the new chair's likely stance. Watch for impacts on the USD and market sentiment as the announcement approaches.