US Treasury Secretary Bessent:
- New Fed Chairman nominee is likely to be announced in December or January
I posted earlier on the week that Bessent was trying to soothe Trump and have him relent on firing Powell:
- Bessent urges Trump not to fire Fed Chair Powell in private pitch to keep stability
Trump read that, or something like it, and threw his toys out of the pram:
- Trump dummy spit re Bessent: “I know better than anybody what’s good for the Market”
Given what Bessent has now said maybe this farce is over?
This article was written by Eamonn Sheridan at investinglive.com.
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