U.S. Treasury Secretary Scott Bessent emerges as possible contender to succeed Fed's Powell
BREAKING: Treasury Secretary Scott Bessent is emerging as a serious contender to replace Jerome Powell as Federal Reserve Chair when Powell’s term ends in 2026. While President Trump has not begun formal interviews, insiders say Bessent’s growing influence—particularly his role in trade negotiations and economic policy—has put him in the running alongside names like Kevin Warsh. Though praised by Trump allies for his execution of the administration’s agenda, some question Bessent’s background in monetary policy. Markets are watching closely, as Trump’s choice could raise concerns about the Fed’s independence.
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