US Politics

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

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