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Aug 10, 2025 |
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Forbes
5d
Topline
The list of candidates to succeed Fed Chair Jerome Powell has been cut down to four after Treasury Secretary Scott Bessent dropped out of consideration, President Donald Trump said Tuesday amid his growing feud with Powell over the agency’s decision to hold interest rates.
Jerome Powell's term expires in 2026, despite pressure from Trump for him to resign.
Getty ImagesTrump, who spoke to CNBC Tuesday morning, said a list of potential candidates to lead the Fed has been narrowed to four, noting Bessent told Trump he “wants to stay where he is” and “he likes being treasury secretary.”
Former Fed Governor Kevin Warsh and National Economic Council Kevin Hassett are among the four candidates, Trump said, adding, “Both Kevins are very good, and there are other people that are very good too.”
This is a developing story.