Scott Bessent, during an interview on CNBC, was asked about speculation regarding his potential candidacy for the Federal Reserve chair position. Although he indicated satisfaction with his current role as Treasury Secretary, he did not dismiss the idea of holding both roles, which has not occurred since the 1930s. Bessent mentioned that they would begin considering candidates for the Fed chair in the fall as they focus on current priorities. The interviewer pointed out that his response did not provide a definitive no regarding the possibility of assuming both positions.
Bessent stressed that he was happy with his current role, saying, "I think it hasn't been done since 1930-something, and I'm very happy in my job here."
He indicated there are many good candidates for Fed chair and said, "We will start working on that in the fall. We've been busy."
During the interview, the moderator noted that Bessent did not explicitly rule out the possibility, adding, "That was not a no on the double job."
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