Treasury Secretary Scott Bessent said Tuesday he will begin interviewing candidates for Federal Reserve chair as soon as the White House whittles down what has suddenly become a crowded field.

In a CNBC " Squawk Box " interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates, an array that includes past and present central bank officials as well as economists, a White House advisor and a few Wall Street market experts.

"In terms of the interview process, we've announced 11 very strong candidates. I'm going to be meeting with them probably right after Labor Day, and to start bringing down the list to present to President Trump," he said. "It's an incredible group."

That list is believed to include current Governors Michelle Bowman and C

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