Related News

These United States: On the record

While Thomas Edison’s cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone,

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg |

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg SpaceX is preparing to launch a Falcon 9 rocket carrying 25 Starlink satellites to low Earth orbit from

How long does it take the sun to rotate on its axis |

The Sun turns, but not in the way a solid object would. It has no hard surface, no fixed edge to follow. What scientists describe as solar rotation comes from

How nature fills coconuts with fresh water before they even fall from the tree |

A coconut may seem like a simple tropical fruit, but it is actually a well-designed natural packaging. You will be surprised to know that the water inside a coconut is

NASA delays Artemis II wet dress rehearsal due to bad weather |

NASA delays Artemis II wet dress rehearsal due to bad weather (IANS) NASA has delayed a key prelaunch test for its Artemis II mission after bad weather affected conditions at

NASA’s Perseverance discovers white kaolinite rocks on Mars, revealing millions of years of rainfall and wet conditions |

Bright white rocks. Scattered across the rusty red plains of Mars. NASA’s Perseverance rover spotted them in Jezero crater which the scientists have been staring at them ever since. At

Fed succession race: US Treasury chief Scott Bessent says interviews for new chair to begin September 1, 11 candidates in fray

Word Count: 623 | Estimated Reading Time: 4 minutes

US Treasury Secretary Scott Bessent on Tuesday said that interviews for Federal Reserve Chair Jerome Powell’s replacement are expected to start around September 1, with 11 candidates under consideration.President Donald Trump’s choice of the next Fed chief is being closely tracked, especially after his repeated criticism of the central bank for holding back on interest rate cuts this year. Powell’s term ends in May 2026, AP reported.Speaking to CNBC, 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 described the pool as “an incredible group” of candidates from within the Fed, former Fed members, and private sector professionals.While he did not specify the names, media reports have listed Fed governors Michelle Bowman and Christopher Waller, former Fed governor Kevin Warsh, and National Economic Council director Kevin Hassett as being in the running. Also mentioned are former regional Fed president James Bullard and Marc Sumerlin, a former economic adviser to President George W Bush.Bessent himself was previously seen as a contender but was ruled out earlier this month after Trump said he would remain Treasury chief.Trump has made no secret of his disdain for Powell, calling him a “numbskull” and “moron” in recent months. Fed policymakers, meanwhile, have been cautious with rate cuts as they assess the impact of Trump’s tariffs on global trade.Markets are also awaiting Powell’s address on Friday at the annual Jackson Hole gathering of central bankers, which could provide signals on whether further rate cuts are likely at the Fed’s mid-September policy meeting.

Source link