Trump made a definitive statement that Scott Bessent will not be the next Federal Reserve chair just hours after Bessent expressed interest. Despite Bessent’s involvement in the search for a successor to Jerome Powell, Trump’s quick rejection signals his preference for different candidates.
Kevin Hassett and Kevin Warsh are now seen as the leading candidates for the Fed chair position. Trump criticized Powell for high renovation costs and interest rates, emphasizing a shift in leadership is needed at the Fed.
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