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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 of contention. “Well, I love Scott, but he wants to stay where he is,” Trump said during a “Squawk Box” interview. “I asked him just last night, ‘Is this something you want?’ [Bessent said], ’Nope, I want to stay where I am. He actually said, ‘I want to ... (full story)
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From cnbc.com | Aug 5, 2025
President Donald Trumps fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and Treasury Secretary Scott Bessent had all been ...
Political attacks on the Federal Reserve aren't changing policy but they are making it harder to communicate it. Loretta Mester, former Cleveland Fed President and current Wharton finance professor, joins Market Domination to explain how the pressure risks undermining credibility without real benefit.
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