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Author Topic: Trump rules out Bessent as next Fed chair  (Read 96 times)

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Offline mystery-ak

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Trump rules out Bessent as next Fed chair
« on: August 05, 2025, 08:59:14 am »
Trump rules out Bessent as next Fed chair
by Brett Samuels - 08/05/25 8:27 AM ET

President Trump said Tuesday he was taking Treasury Secretary Scott Bessent off the list of prospective candidates for the next chairman 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 Chairman Jerome Powell’s term expires in May 2026. 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 secretary has downplayed those reports.

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https://thehill.com/homenews/administration/5436230-trump-removes-bessent-fed-chair/
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Offline Fishrrman

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Re: Trump rules out Bessent as next Fed chair
« Reply #1 on: August 05, 2025, 05:53:40 pm »
No complaints here about Mr. Powell.

The interest rate for 4-week t-bills ticked up to 4.37% yesterday.

They haven't been that high since back in December.

And the trend seems to be continuing "upwards"...
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