Bessent says Trump's pick for the next Fed chair could happen next week

"The appointment of the Fed chair has significant implications for short-term interest rates and overall monetary policy direction, making it critical news for traders. Considering the potential impact of Trump's selection on the markets, particularly whether the next chair will pursue aggressive easing measures is crucial. Such policy shifts could elicit reactions across the equity and forex markets, particularly affecting the dollar. Traders should manage their risks and adjust their positions before the candidate is announced. Due to a lack of concrete information, no specific trading signals can be provided, suggesting a defensive approach may be necessary."