US Treasury Secretary Besant confirmed second-round Fed Chair interviews will start soon, with a candidate expected before Christmas, praising the recent rate cut but criticizing its communication.
US Treasury Secretary Besant announced that the second round of interviews for the Federal Reserve Chair role will begin shortly, with a final decision likely before Christmas. He commended the Fed’s recent 25 basis point interest rate cut but expressed dissatisfaction with the language used in its announcement, signaling both policy approval and concerns over communication strategy.