US Treasury Secretary Bessent says we haven't yet interviewed Rick Rieder; still four candidates to succeed Powell; think Trump will decide on Fed Chair in January
Treasury Secretary Bessent's comments indicate ongoing considerations for the next Fed Chair, highlighting four remaining candidates and suggesting that decisions may be influenced by the incoming administration.
US Treasury Secretary Bessent says US will be removing sanctions from some Venezuelan entities; strong interest from independent oil companies and "wildcatters" in swift investments in Venezuela
US President Trump and Congress move to overturn Biden-era Minnesota mining ban, boosting Antofagasta's (ANTO LN) twin metals project
US Treasury Secretary Bessent says we haven't yet interviewed Rick Rieder; still four candidates to succeed Powell; think Trump will decide on Fed Chair in January
US Treasury Secretary Bessent says for the first time, the Chinese seem to be getting serious over fentanyl because of IEEPA tariffs; IEEPA tariffs have brought Mexico and Canada to the negotiating table
US Energy Secretary says US can market oil at a better price than Venezuela, via Fox News interview; not going to cut off China; Venezuela oil production could be up 50% in the next 18 months
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This uncertainty could lead to volatility in expectations around Fed policy and rate trajectory, particularly if any nominee leans hawkish or dovish compared to Powell. Market participants should be attuned to how these developments interact with current economic conditions and broader monetary policy debates.
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