No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Bessent met this week with Warsh, Lindsey, Bullard as Fed chief search continues

by TheAdviserMagazine
2 months ago
in Economy
Reading Time: 2 mins read
A A
Bessent met this week with Warsh, Lindsey, Bullard as Fed chief search continues
Share on FacebookShare on TwitterShare on LInkedIn


Scott Bessent, U.S. treasury secretary, in the Oval Office of the White House in Washington, D.C., on Aug. 6, 2025.

Bonnie Cash | Bloomberg | Getty Images

The search for the next Federal Reserve chair is continuing, with Treasury Secretary Scott Bessent taking point in meeting with several candidates on President Donald Trump’s short list.

In recent days, Bessent has met with former Fed officials Lawrence Lindsey, Kevin Warsh and James Bullard, a Treasury source told CNBC’s Steve Liesman. Lindsey and Warsh both served as governors, and Bullard was president of the St. Louis Fed.

Bessent will wait until the blackout period that surrounds Federal Open Market Committee meetings is over at the end of next week to interview sitting Fed officials, sources said.

While the goal is to add one or two names to candidates Trump has already mentioned, including Warsh as well as National Economic Council Director Kevin Hassett and current Governor Christopher Waller, there is a broader group under Bessent’s consideration that includes 11 economists, including former and current central bankers and a few market strategists.

In addition to the candidate interviews, Bessent is pushing a reform agenda for the Fed. He would like to see the central bank organically reduce the massive bond portfolio on its balance sheet, the source said. The key would be to reduce the $6 trillion in holdings of Treasurys and mortgage-backed securities in a way that is not disruptive to markets or the economy.

Moreover, Bessent wants to try to reduce the Fed’s economic footprint, the source said.

The news comes with the Fed under a White House microscope.

Trump and multiple other administration officials have been pressing the Fed for an interest rate cut, something that hasn’t happened since December 2024. Markets widely expect the rate-setting FOMC in fact will approve a quarter-percentage-point reduction when it meets next week.

In a Wall Street Journal opinion piece last week, Bessent laid out his own vision for the Fed. He rejected what he called “gain of function” activity, in which the central bank has repeatedly overstepped the narrow objectives assigned to it for low unemployment and inflation.

“The Fed must change course,” Bessent wrote. “Its standard tool kit has become too complex to manage, with uncertain theoretical underpinnings.”

The Fed’s complexion could change considerably over the next year.

Chair Jerome Powell’s term expires in May 2026, and while he could stay on for two more years as governor, he is certain to be replaced in his current post. At the same time, the Senate is expected to take up a vote Monday on nominee Stephen Miran for a Board of Governors vacancy.

Trump also has pushed to oust Governor Lisa Cook on accusations of mortgage fraud, though a court has blocked him from doing so thus far.

Don’t miss these insights from CNBC PRO



Source link

Tags: BessentBullardchiefContinuesFedLindseymetSearchWarshweek
ShareTweetShare
Previous Post

ADBE Earnings: Adobe Q3 revenue and adjusted profit beat estimates

Next Post

Market Talk – September 11, 2025

Related Posts

edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

by TheAdviserMagazine
October 27, 2025
0

Conor here: French media reported yesterday that two suspects from the poor Paris suburb of Seine-Saint-Denis have been arrested and...

edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

by TheAdviserMagazine
October 27, 2025
0

The Road to Peace is undoubtedly attainable. I urge everyone to read my Peace Proposal that details the intricacies of...

edit post
Links 10/26/2025 | naked capitalism

Links 10/26/2025 | naked capitalism

by TheAdviserMagazine
October 26, 2025
0

An eucalyptus in bloompic.twitter.com/ID5wvFC9te — Massimo (@Rainmaker1973) October 17, 2025 How the Horse came to be Ridden 3 Quarks Daily...

edit post
The Sunday Morning Movie Presents: Peppermint Soda (1977) Run Time: 1H 40M Bonus: Original Poetry!

The Sunday Morning Movie Presents: Peppermint Soda (1977) Run Time: 1H 40M Bonus: Original Poetry!

by TheAdviserMagazine
October 26, 2025
0

Welcome gentle reader to another installment of the Sunday Morning Movie. Today it’s a tender-hearted coming of age story about...

edit post
As Pentagon Takes Secretive Donation for Military Salaries, AFL-CIO Says Pay All Workers Impacted by Shutdown

As Pentagon Takes Secretive Donation for Military Salaries, AFL-CIO Says Pay All Workers Impacted by Shutdown

by TheAdviserMagazine
October 26, 2025
0

Conor here: The reported $130 million donation to the Pentagon sounds a lot like another privatization stepping stone. The amount...

edit post
No, Tariffs Did Not Cause September’s Budget Surplus

No, Tariffs Did Not Cause September’s Budget Surplus

by TheAdviserMagazine
October 26, 2025
0

According to the Treasury Department’s monthly report for September, the budget deficit turned positive last month, with tax receipts coming...

Next Post
edit post
Market Talk – September 11, 2025

Market Talk - September 11, 2025

edit post
Improve Your CX Prioritization With Forrester’s Updated And Expanded Tools

Improve Your CX Prioritization With Forrester’s Updated And Expanded Tools

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Pillar Two Compliance Costs | Tax Foundation Europe

Pillar Two Compliance Costs | Tax Foundation Europe

0
edit post
Still Dreaming, Just Differently: Making Peace with Career Progress at a Different Rate

Still Dreaming, Just Differently: Making Peace with Career Progress at a Different Rate

0
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

0
edit post
Important Evidence That Can Aid Your SSDI Claim

Important Evidence That Can Aid Your SSDI Claim

0
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

0
edit post
Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

0
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

October 27, 2025
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

October 27, 2025
edit post
Barclays re-enters Saudi Arabia 11 years after exiting business

Barclays re-enters Saudi Arabia 11 years after exiting business

October 27, 2025
edit post
What Happens When You Don’t Report Your Crypto Taxes to the IRS

What Happens When You Don’t Report Your Crypto Taxes to the IRS

October 27, 2025
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

October 27, 2025
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump: U.S.-China trade deal, TikTok sale likely this week
  • You’ve Just Stolen a Priceless Artifact – What Happens Next?
  • Barclays re-enters Saudi Arabia 11 years after exiting business
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.