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7/1/2025, 10:25:40 AM
6/30/2025, 8:08:08 PM
https://thehill.com/business/5376803-bessent-open-federal-reserve-chair/
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump looks to replace the central bank chief as soon as possible.
Asked if it’s a job he would want to do, Bessent said he would comply with Trump’s wishes.
“I will do what the president wants,” he said in a TV interview with Bloomberg News, adding that he was happy with his current position as Treasury secretary.
Multiple names for Powell’s successor have been floated in Washington policy circles.
In addition to Bessent, they include current Fed board of governors member Christopher Waller, Fed Vice Chair of Supervision Michelle Bowman, White House National Economic Council Director Kevin Hassett and former Fed board of governors member Kevin Warsh.
Powell’s term as Fed chair ends in May, though his term as a member of the board of governors doesn’t end until 2028.
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump looks to replace the central bank chief as soon as possible.
Asked if it’s a job he would want to do, Bessent said he would comply with Trump’s wishes.
“I will do what the president wants,” he said in a TV interview with Bloomberg News, adding that he was happy with his current position as Treasury secretary.
Multiple names for Powell’s successor have been floated in Washington policy circles.
In addition to Bessent, they include current Fed board of governors member Christopher Waller, Fed Vice Chair of Supervision Michelle Bowman, White House National Economic Council Director Kevin Hassett and former Fed board of governors member Kevin Warsh.
Powell’s term as Fed chair ends in May, though his term as a member of the board of governors doesn’t end until 2028.
6/12/2025, 9:39:22 PM
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