Trump says Treasury Secretary Bessent ‘does not want’ to be Fed chair, but 4 others in running

Trump says Treasury Secretary Bessent ‘does not want’ to be Fed chair, but 4 others in running

President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out…

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China’s growth stumbles in July as retail sales, industrial output miss forecasts

China’s growth stumbles in July as retail sales, industrial output miss forecasts

SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images China’s economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity. Retail sales last month…

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