Treasury’s Bessent Prepares Fed Candidate List, Cites Board Schism

U.S. Treasury Secretary Bessent said the Treasury is assembling what she described as a “very good” list of candidates for forthcoming vacancies on the Federal Reserve Board, with a formal announcement targeted before the end of the year. Bessent also acknowledged a “schism” among current Fed governors, an unusually candid assessment that suggests internal divisions over policy direction as officials continue to weigh the economic outlook and interest-rate strategy.