Treasury Secretary Bessent ‘Does Not Want’ to Be Fed Chair, Trump Says

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Trump is considering Kevin Warsh and Kevin Hassett for Fed chair.

Treasury Secretary Bessent ‘Does Not Want’ to Be Fed Chair, Trump Says

Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times

Andrew Moran

|Updated:

Treasury Secretary Scott Bessent is not in the running to replace Jerome Powell as head of the Federal Reserve, President Donald Trump said in a new interview.

Trump, speaking in an interview with CNBC’s “Squawk Box” on Aug. 5, stated that he has narrowed the field of Fed chairs to four individuals.

Andrew Moran

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”

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