Trump Says Scott Bessent Won’t Be Fed Chair Pick As ‘He Does Not Want It’

1 sourceUpdated Jul 2, 2026

President Donald Trump on Tuesday ruled out Treasury Secretary Scott Bessent as a potential choice to replace Federal Reserve Chair Jerome Powell. Despite pressure from Trump, Powell has reportedly informed some close…

In this story:Donald John TrumpJerome PowellScott BessentFederal Reserve System

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