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Story summary
- U.S. President Donald Trump expressed interest in appointing Treasury Secretary Scott Bessent as chair of the Federal Reserve.
- Speaking at the U.S.-Saudi Investment Forum, Trump criticized Fed Chair Jerome Powell for not cutting rates quickly enough.
- Bessent leads the search for a new chair.
- The administration is interviewing candidates, with a decision expected by mid-December.
- Other candidates include current Fed officials and outsiders.
