Bessent won’t replace Powell as Fed chair, Trump says: ‘I love Scott, but he wants to stay where he is’

fortune.com/2025/08/05/who-will-replace-jerome-powell-trump-says-not-scott-bessent

President Donald Trump announced Tuesday that Treasury Secretary Scott Bessent will no longer be considered for the role of Federal Reserve chair, clarifying a key point of intrigue as the White House narrows the search for a successor to Jerome Powell. Trump’s decision, revealed during…

This story appeared on fortune.com, 2025-08-05 13:21:33.
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