Donald Trump revealed who he is considering to chair the Federal Reserve if he should move to oust Jerome Powell.
And among the short list is not his current Treasury Secretary Scott Bessent.
'I love Scott, but he wants to stay where he is,' Trump said Tuesday morning during a wide-ranging interview on CNBC's Squawk Box.
'I asked him just last night, 'Is this something you want?' 'Nope, I want to stay where I am.' He actually said, 'I want to work with you. It's such an honor,' Trump said reenacting his conversation with the Bessent.
The president has been at war with Federal Reserve Chairman Powell, who has refused to bow to pressure to lower interest rates. Trump could also allow Powell to serve out his full term, which ends in May 2026, and select a replacement then.
