President Donald Trump expressed his ongoing search for a new chairman of the Federal Reserve but is no longer considering Treasury Secretary Scott Bessent for the role. Bessent indicated he is content in his current position and wishes to continue working with Trump. The president has publicly criticized Jerome Powell, the current Fed Chair, yet is focusing on other potential candidates for the Federal Reserve Board. Additionally, Bessent recently engaged in discussions with German finance officials on various administration priorities.
Trump stated his admiration for Scott Bessent while acknowledging Bessent's preference to stay in his current position as Treasury Secretary rather than pursue the chair of the Federal Reserve.
Despite initial considerations, President Trump confirmed he is no longer looking at Scott Bessent for the Federal Reserve chairman role, expressing that Bessent prefers to remain Treasury Secretary.
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