Scott Bessent Emerges as Possible Fed Chair Contender

Scott Bessent is seen as a safe pair of hands. It's really still a question mark of maybe the market reaction if he is picked. But Trump does say that he wants to name a successor very soon.Formal interviews have yet to take place and Jerome Powell term isn't yet over until May 2026. But the speculation here is, Tom, that if Trump does want to have some sort of influence on Fed policy, he would name a shadow Fed chair sooner rather than later. So the markets will watch what the shadow Fed chair says rather ...