Trump says four candidates in running for Fed chair, rules out Bessent | Business and Economy News

US president says the Treasury secretary wishes to stay in his current role.

United States President Donald Trump has ruled out Secretary of the Treasury Scott Bessent as his pick to replace Federal Reserve Chair Jerome Powell.

Trump, who has repeatedly criticised Powell for not moving faster to lower interest rates, said on Tuesday that Bessent wished to continue in his current role.

“I love Scott, but he wants to stay where he is,” Trump said in an interview with CNBC, adding that Bessent…