US EditionTrump says Scott Bessent no longer in the running for Fed chair
UNITED STATES, AUG 5 – President Trump has narrowed candidates to four for the Federal Reserve Board seat after Scott Bessent withdrew, with the final choice possibly becoming Fed Chair in 2026.
- On Friday, Fed Governor Adriana Kugler resigned, creating a vacancy President Donald Trump could fill for a potential Jerome Powell replacement next year.
- According to White House economic advisor on NBC’s Meet the Press Sunday, President Trump is actively searching for a new Fed chair after calling Powell `stubborn` for resisting rate cuts.
- President Trump revealed he has narrowed the candidate field, considering Kevin Warsh and Kevin Hasset, after removing Scott Bessent from the list.
- Despite his removal, Treasury Secretary Scott Bessent said he did not want to succeed Jerome Powell, yet he continues to help lead Trump’s Fed chair search, Kevin Hassett confirmed.
- With inflation running at 2.6% and a looming August 12 deadline, Fed governors Christopher Waller and Michelle Bowman dissented, pushing for slight rate cuts.
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Exclusive: Fed Vacancy Pits Chair Contenders Against Placeholders
Donald Trump’s advisers are divided over how to fill an upcoming vacancy on the Federal Reserve Board, with some pushing for a short‑term appointee and others urging the president to seat a credible successor to Fed Chair Jerome Powell.
The Search for Powell’s Replacement at the Fed Has Narrowed
(The National Pulse)—President Donald J. Trump revealed on Tuesday that he has narrowed his list of candidates for Federal Reserve chair to four individuals. During a media appearance, Trump named Kevin Hassett, director of the National Economic Council, and Kevin Warsh, a former Federal Reserve Board governor, as two of his top picks. He declined to name the other two candidates but confirmed that Treasury Secretary Scott Bessent is not among t…
Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four
WASHINGTON: US President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve's Board of Governors by the end of the week, and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of four.
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