Treasury Secretary Scott Bessent told CNBC on Wednesday that he’ll soon be giving President Donald Trump several candidates to serve as the next chair of the Federal Reserve.

“Likely sometime after Thanksgiving, in December, we’ll present the president with three or four candidates for him to interview,” Bessent told CNBC’s Sara Eisen.

Bessent disclosed that he’s trimmed the initial list of 11 candidates he interviewed to five, while also clarifying that he will not be the next chair. He declined to say whether supporting lower interest rates was a requirement, noting instead that he looks for a candidate with an “open mind.”

CNBC previously details ⇒

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