Trump Reportedly Wants Secretary Bessent to Replace Powell as Fed Chair

New reports claim that President Trump is strongly considering Treasury Secretary Scott Bessent to replace Jerome Powell as Chair of the Federal Reserve. Powell’s term will expire in May 2026. Trump has repeatedly quarreled with his Fed Chair and may be aiming to replace him as quickly as possible. He could also try to forcibly oust Powell, but that could have messy implications for US fiscal policy source: https://beincrypto.com/trump-might-tap-bessent-to-replace-powell/