Treasury Sec. Bessent met with potential Fed chair nominees

Group 1 - The search for a replacement for Fed Chair Jerome Powell is ongoing, with 11 candidates still in consideration [1][2][3] - Treasury Secretary Scott Bessner is meeting with former Fed governors and is expected to add one or two names to the list of candidates [2][3] - The process is noted for its transparency compared to previous administrations, with public disclosures about meetings and candidates [3][4] Group 2 - Bessner is advocating for a long-term organic reduction in the Fed's balance sheet, emphasizing that it should not disrupt financial markets or the economy [4][5] - The Secretary believes in a smaller Fed footprint overall in the economy, indicating a shift in monetary policy approach [5]