In Search of a New Fed Chair: A Glimpse into Bessent's Meeting with Bullard

U.S. Treasury Secretary Scott Bessent announced that he had a productive meeting with James Bullard, the former head of the Federal Reserve Bank of St. Louis, as part of his quest to find a new chairman for the Federal Reserve.

In an interview with CNBC, Bessent emphasized Bullard's vast experience in the banking sector, particularly highlighting his proficiency in monetary policy and his comprehensive academic background. Bullard's deep knowledge of Federal Reserve operations further cements his potential for the position, according to Bessent.

The discussion between the two lasted approximately two hours, during which Bessent gained valuable insights into Bullard's perspective and understanding of the central body's long-term goals and challenges.

(With inputs from agencies.)