Bessent says a new Fed Chairman nominee is likely to be announced in December or January

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.