Reported 3 days ago
Treasury Secretary Scott Bessent is emerging as a leading candidate to succeed Jerome Powell as chair of the Federal Reserve, amid discussions among advisors in the Trump administration. President Trump has indicated he will select a replacement soon, with Bessent's involvement in key economic initiatives enhancing his candidacy. While other candidates like Kevin Warsh are also considered, Bessent's recognized competence in managing economic policies positions him as a formidable contender, despite uncertainties about his recusal from the selection process.
Source: YAHOO