“I love Scott, but he wants to stay in place,” Trump says, “I love Scott, but he wants to stay in his place.”
President Donald Trump announced on Tuesday that Treasury Secretary Scott Payette will not be considered to the role of the Federal Reserve Chairman, which shows the main point of conspiracies as the White House narrows the search for a successor to Jerome Powell. Trump’s decision, revealed during a CNBC interviewIt comes after weeks of speculation about the appointment of possible Bessent and highlighting the dynamics of the transformation in the Trump administration’s approach to the central bank in the country.
“Well, I love Scott, but he wants to stay in place,” Trump said. I asked him last night, “Is this something you want? “No, I want to stay where I am.” Trump said that he was getting out of the Powell Caliphs list.
Trump’s advertisement appears to finally end rumors that BESSENT may slip into the upper function in the Federal Reserve. Bessent, whose name was made as head of the hedge before joining the Treasury, has become one of Trump’s economic and commercial policies, as he was at the reputation of voice support and general criticism of the Federal Reserve’s hesitation in reducing interest rates according to Trump’s repeated demands.
Powell’s criticism from the White House Trump
The Federal Reserve, which is currently preserved by Jerome Powell, will become vacant when Powell’s term ends in May 2026. Last year, Trump spent Powell in public to be seen as slowly progressing in interest rates and repairing it at the headquarters of the Federal Reserve, and often represents fateful threats about Powell’s launch and undermining the independence of the central bank. Amid criticism about this outbreak of prominent voices, including CEO of JPMorgan Jimmy DamonTrump Available and signal He does not intend to remove Powell before the end of his mandate.
Bessent, for his part, has repeatedly sought to reduce speculation about his interest in the federal reserve function. In late June, He said CNBC He believes that he has the “best job in Washington” and intends to stay as long as the president fits. However, BESSENT remained closely related to the selection process and made the waves Call to internal reviews At the Federal Reserve, while Bessent was The first member of the Trump government to confirm an official process He was ongoing to choose the successor of Powell.
BESSENT’s criticism differed from Trump’s other advisers, who criticized Powell’s supervision Renewal project of $ 2.5 billion Central Bank headquarters in Washington. Trump and his advisers publicly discussed the possibility of launching Powell “for the reason”, as some officials indicate that the renewal of the headquarters can provide legal justifications. Trump himself visits the construction site, with Powell, and participates in a A strange direct TV argumentThey both wear solid hats and look at construction plans.
With the acceleration of the examination, Trump’s speech refers to his intention to investigate the Federal Reserve Chair, which is closely corresponding to its priorities: low interest rates, response to the goals of the White House, and a more careful approach to the federal reserve functions.
Speaking to Bloomberg Intelligence in July, Bessent said: “There are many good candidates inside and outside the Federal Reserve.” Kevin HaysitThe Director of the National Economic Council was launched as a possible successor, Powell, as it did Kevin WarbThe former Federal Reserve Ruler and Wall Street warrior with close ties with the Trump administration; Michelle BowmanVice President of the current Federal Reserve; and Christopher WalGovernor of sitting.
Currently, vacancies are still a matter of speculation, but the self -availability of Bessent from the competition gives an additional form to the race. Bessent says he “will go to where the president believes that I am best suitable,” however he maintains his preference for the cabinet. Trump is expected to announce his final choice to replace Powell soon, which led to a new stage of monetary policy in the country.
For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.
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