Trump Confirms Scott Bessent Won’t Be Next Fed Chair, Reveals Top Picks
The post Trump Confirms Scott Bessent Won’t Be Next Fed Chair, Reveals Top Picks appeared on BitcoinEthereumNews.com. The post Trump Confirms Scott Bessent Won’t Be Next Fed Chair, Reveals Top Picks appeared first on Coinpedia Fintech News President Trump is signaling major changes ahead for the Federal Reserve and U.S. trade policy. In a recent interview with CNBC, he ruled out Treasury Secretary Scott Bessent as a potential Fed chair. However, a decision is coming soon. Here’s what you need to know. Fed Governor Kugler to Exit Early Fed Governor Adriana Kugler is stepping down this Friday, well ahead of her term’s original end in January 2026. Kugler, who joined the Fed in September 2023, plans to return to teaching at Georgetown University this fall. JUST IN: President Trump announces he will NOT be selecting Scott Bessent as Fed Chair "I love Scott, but he wants to stay where he is. I will I'll take him off the because I asked him just last night, 'is this something you want?' 'No, I want to stay where I am.' He actually… pic.twitter.com/uNxXDEeF1z — Nick Sortor (@nicksortor) August 5, 2025 Her early departure gives Trump the chance to appoint a short-term replacement and potentially shape the path for Jerome Powell’s successor. Trump says that there are numerous people qualified to replace Kugler. “A lot of people say, when you do that, why don’t you just pick the person who is going to head up the Fed? That’s a possibility too,” Trump said. Trump hinted that the person chosen could also be in line to lead the Fed once Powell’s term ends. However, Treasury Secretary Scott Bessent is not one of them, as he prefers to stay in his current role. “Well I love Scott, but he wants to stay where he is,” said Trump on CNBC. This came as a surprise to many, who imagined Bessent would be one…
The post Trump Confirms Scott Bessent Won’t Be Next Fed Chair, Reveals Top Picks appeared on BitcoinEthereumNews.com.
The post Trump Confirms Scott Bessent Won’t Be Next Fed Chair, Reveals Top Picks appeared first on Coinpedia Fintech News President Trump is signaling major changes ahead for the Federal Reserve and U.S. trade policy. In a recent interview with CNBC, he ruled out Treasury Secretary Scott Bessent as a potential Fed chair. However, a decision is coming soon. Here’s what you need to know. Fed Governor Kugler to Exit Early Fed Governor Adriana Kugler is stepping down this Friday, well ahead of her term’s original end in January 2026. Kugler, who joined the Fed in September 2023, plans to return to teaching at Georgetown University this fall. JUST IN: President Trump announces he will NOT be selecting Scott Bessent as Fed Chair "I love Scott, but he wants to stay where he is. I will I'll take him off the because I asked him just last night, 'is this something you want?' 'No, I want to stay where I am.' He actually… pic.twitter.com/uNxXDEeF1z — Nick Sortor (@nicksortor) August 5, 2025 Her early departure gives Trump the chance to appoint a short-term replacement and potentially shape the path for Jerome Powell’s successor. Trump says that there are numerous people qualified to replace Kugler. “A lot of people say, when you do that, why don’t you just pick the person who is going to head up the Fed? That’s a possibility too,” Trump said. Trump hinted that the person chosen could also be in line to lead the Fed once Powell’s term ends. However, Treasury Secretary Scott Bessent is not one of them, as he prefers to stay in his current role. “Well I love Scott, but he wants to stay where he is,” said Trump on CNBC. This came as a surprise to many, who imagined Bessent would be one…
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