Treasury's Bessent says interviews for potential Fed chairs will start around Labor Day
1. Treasury Secretary Bessent announces Fed chair candidate interviews post-Labor Day. 2. Eleven strong candidates, including key Fed officials, are being considered. 3. Bessent advocates a 50-basis-point interest rate cut to support housing. 4. Federal Reserve's current interest rates challenge the housing sector and low-income households. 5. Markets expect Fed rate cuts following disappointing jobs report.