U.S. Treasury Secretary Scott Bessent announced plans to interview 11 candidates for the position of Federal Reserve chair, aiming to narrow down the list to present to President Donald Trump. The interviews are scheduled to take place around Labor Day, which falls on September 1, 2025. Bessent described the group of candidates as "very strong," including individuals currently at the Federal Reserve, former Fed officials, and private sector professionals. This process is part of the selection for Jerome Powell's successor as chair of the Federal Reserve.