Treasury Secretary Scott Bessent said Tuesday that the Trump administration will begin its interview process for prospective nominees to serve as chair of the Federal Reserve after Labor Day.

Bessent was interviewed on CNBC's "Squawk Box" and said that there are currently 11 candidates under consideration for the role, including a group of contenders who currently or previously worked at the Fed.

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

He said that it's "an incredible group" and it's "people who are at the Fed now, have been at the Fed, and private sector," adding that "I look

See Full Page