Trump Urges Bessent To Take Federal Reserve Job

WASHINGTON (AP) — For the second time in two days, President Donald Trump said he would like to appoint Treasury Secretary Scott Bessent to chair the Federal Reserve. Despite his protestations, Bessent is widely seen as a leading potential replacement for Powell. Trump has been sharply critical of the current Fed chair, Jerome Powell, whose term ends in May, for not cutting interest rates quickly enough. Trump’s pick will almost certainly push for rapid interest rate cuts and likely institute wide-ranging changes in how the Fed operates.