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Benzinga
Benzinga
Business
Vishaal Sanjay

Scott Bessent On Replacing Powell As Fed Chair: 'I Will Do What The President Wants' — Plays Down Shadow Chair Speculations

Scott Bessent Jerome Powell Jay Powell Donald Trump US Federal Reserve
January,16,,2025,-,Washington,Dc:,The,Senate,Finance,Committee

On Monday, U.S. Treasury Secretary Scott Bessent responded to a question on whether he was willing to replace Jerome Powell as Federal Reserve chair.

What Happened: “I will do what the President wants,” Bessent said in an interview with Bloomberg TV on Monday, when asked about the likelihood of him heading the Central Bank after Powell’s term ends in May 2026.

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