US Edition
Trump says Scott Bessent no longer in the running for Fed chair
UNITED STATES, AUG 5 – President Trump has narrowed candidates to four for the Federal Reserve Board seat after Scott Bessent withdrew, with the final choice possibly becoming Fed Chair in 2026.
- On Friday, Fed Governor Adriana Kugler resigned, creating a vacancy President Donald Trump could fill for a potential Jerome Powell replacement next year.
- According to White House economic advisor on NBC’s Meet the Press Sunday, President Trump is actively searching for a new Fed chair after calling Powell `stubborn` for resisting rate cuts.
- President Trump revealed he has narrowed the candidate field, considering Kevin Warsh and Kevin Hasset, after removing Scott Bessent from the list.
- Despite his removal, Treasury Secretary Scott Bessent said he did not want to succeed Jerome Powell, yet he continues to help lead Trump’s Fed chair search, Kevin Hassett confirmed.
- With inflation running at 2.6% and a looming August 12 deadline, Fed governors Christopher Waller and Michelle Bowman dissented, pushing for slight rate cuts.
131 Articles
131 Articles
What we know about Trump's Fed chair candidates so far
President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy.
Trump rules out Bessent as next Fed chair
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 …
Donald Trump said he had a list of four candidates to lead the powerful US central bank, the Fed.
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