No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 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
3 weeks 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
Individualism and the Violence of the Identitarian Left

Individualism and the Violence of the Identitarian Left

by TheAdviserMagazine
October 4, 2025
0

Many people were shocked to see the identitarian left erupting in ghoulish celebration when news broke that Charlie Kirk had...

edit post
The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

by TheAdviserMagazine
October 4, 2025
0

Artificial intelligence dominates the headlines with equal measures of fascination and dread. Visionaries proclaim it will unlock human potential, while...

edit post
Henry Moon Pie: Time to Support a Reader-Supporting Site

Henry Moon Pie: Time to Support a Reader-Supporting Site

by TheAdviserMagazine
October 4, 2025
0

By Henry Moon Pie I started getting my news online twenty-five years ago in the wake of Bush v. Gore...

edit post
Links 10/4/2025 | naked capitalism

Links 10/4/2025 | naked capitalism

by TheAdviserMagazine
October 4, 2025
0

This is Naked Capitalism fundraising week. 859 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
Market Talk – October 3, 2025

Market Talk – October 3, 2025

by TheAdviserMagazine
October 3, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 832.77 points or 1.85% to...

edit post
The job market slowdown is hitting recent college grads hard

The job market slowdown is hitting recent college grads hard

by TheAdviserMagazine
October 3, 2025
0

Students wait in line before the start a career fair at the New York University Polytechnic School of Engineering in...

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
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

0
edit post
Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

Dave Ramsey on X: 3 Simple Steps to Tackle Debt Even With a Small Paycheck

0
edit post
Global demand for US master’s degrees plunges by 60%

Global demand for US master’s degrees plunges by 60%

0
edit post
First Circuit Rules Trump’s Birthright Citizenship Executive Order is Unconstitutional

First Circuit Rules Trump’s Birthright Citizenship Executive Order is Unconstitutional

0
edit post
What You Need To Know Ahead of Tesla’s Earnings Release

What You Need To Know Ahead of Tesla’s Earnings Release

0
edit post
The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

The Economics of AI: Dispelling Fears and Embracing Entrepreneurship

0
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

October 5, 2025
edit post
Key Price Breakout Sets Dogecoin On 153% To Clear alt=

Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession

October 4, 2025
edit post
Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin

October 4, 2025
edit post
During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

During a White House meeting, Hakeem Jeffries spotted a ‘Trump 2028’ hat and asked JD Vance ‘Hey, bro, you got a problem with this?’

October 4, 2025
edit post
Stellantis said to plan  billion in U.S. turnaround investments

Stellantis said to plan $10 billion in U.S. turnaround investments

October 4, 2025
edit post
Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

October 4, 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

  • Shekel strengthens as hope for Gaza deal rises
  • Key Price Breakout Sets Dogecoin On 153% To Clear $0.65 In Quick Succession
  • Robert Kiyosaki Wants to Vomit as Buffett Words Signal Crash Ahead, Doubles Down on Bitcoin
  • 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.