The Treasury secretary’s comments add to the president’s pressure campaign for lower rates. Bessent did not rule out taking the role himself.
Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill on June 11, 2025. Madalina Vasiliu/The Epoch Times
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The Trump administration plans to begin working on a replacement for Federal Reserve Chair Jerome Powell this fall, Treasury Secretary Scott Bessent said.
In an interview with CNBC that aired on July 3, Bessent confirmed that President Donald Trump is looking at replacing the head of the central bank.
Austin Alonzo covers U.S. political and national news for The Epoch Times. He has covered local, business and agricultural news in Kansas City, Missouri, since 2012. He is a graduate of the University of Missouri. You can reach Austin via email at [email protected]
