Trump rules out Bessent as next Fed chair
Share this @internewscast.com


President Trump said Tuesday he was taking Treasury Secretary Scott Bessent off the list of prospective candidates for the next chair of the Federal Reserve.

“Well I love Scott, but he wants to stay where he is,” Trump said on CNBC. “I asked him just last night, ‘Is this something you want?’ ‘Nope I want to stay where I am.’”

“I just take him off. He does not want it. He likes being Treasury secretary,” Trump added.

Federal Reserve Chair Jerome Powell’s term expires in May. Trump has for months railed against the central bank’s leader for not cutting interest rates, though he has indicated he has no plans to test his authority to fire Powell before his term runs out.

Bessent’s name has been floated repeatedly as a potential replacement, though the Treasury Department secretary has downplayed those reports.

Others under consideration include Kevin Warsh, who served on the Federal Reserve’s board of governors, and Kevin Hassett, who is the head of the National Economic Council at the White House.

Share this @internewscast.com
You May Also Like

Former Texas Educator Receives Life Sentence for Child Sexual Abuse: A Shocking Verdict

Graphic Warning: This article contains explicit content that may be unsettling. Reader…

Two Colorado Children Safely Recovered in Texas Following Suspected Abduction, Authorities Report

DENVER (KDVR) — Two Colorado children are now safe following their mother’s…

Open Enrollment Challenges: ObamaCare Costs Rise Amid Government Shutdown

As Congress races against time to address the extension of crucial enhanced…

Zohran Mamdani Gains Momentum in NYC Mayoral Race with Endorsements from Bernie Sanders and AOC

NEW YORK – As New York’s mayoral race intensifies, candidate Zohran Mamdani…

Quick-Thinking Teen Surfer Rescues Air Force Veteran After Dramatic California Wipeout

In Oceanside, California, a seemingly ordinary day at the beach turned into…

Stay Safe This Halloween: Danville Police Share Essential Safety Tips for Trick-or-Treaters

As Halloween approaches, law enforcement agencies throughout Central Illinois are emphasizing the…

Judge’s Decision on Courtroom Dress Code in High-Profile Charlie Kirk Case

A judge is set to decide on Monday whether Tyler Robinson, charged…

Trump’s Argentina Beef Strategy Challenges ‘America First’ Principles

President Trump is stepping away from his “America First” trade principles by…

Breaking: Serious Watercraft Accident Sparks Joint Investigation in Brevard County

BREVARD COUNTY, Fla. – On Sunday afternoon, the Brevard County Sheriff’s Office…

Texas Governor Abbott Takes Aim at Professors Promoting Progressive Views

DALLAS — Texas Governor Greg Abbott is intensifying his efforts to eliminate…

Republicans Address Voter Concerns Amid Escalating Health Care Premiums

WASHINGTON – During a recent telephone town hall, Maryland Representative Andy Harris,…

Can the Full Moon Disrupt Your Sleep? A Neurologist Reveals the Truth

(The Conversation) – Have you ever found yourself unable to drift off…