Fed succession race: US Treasury chief Scott Bessent says interviews for new chair to begin September 1, 11 candidates in fray

Treasury Secretary Scott Bessent announced that interviews to find Jerome Powell's replacement as Federal Reserve Chair will commence around September 1, with 11 candidates being considered. President Trump's selection is closely watched given his past criticism of the Fed's cautious approach to interest rate cuts. The pool includes individuals from within the Fed, former members, and the private sector.