White House confidant Bannon suggested that Bensent should be in charge of both the Treasury Department and the Federal Reserve

Regarding who will succeed Federal Reserve Chairman Powell next year, White House confidant Steve Bannon proposed an unusual solution. In the interview, Bannon suggested that the current Treasury Secretary Benson be the chairman of the Federal Reserve while retaining the post of Treasury Secretary. Bannon said: "I firmly believe that during the transition period, Benson should serve as both Federal Reserve Chairman and Treasury Secretary, perhaps until the midterm elections, and then step down from the Treasury Department and take over the Federal Reserve in full." Bannon served as the White House chief strategist during Trump's first term, but was fired after only seven months in office. However, he still enjoys a certain respect within the US government. A White House spokesman responded: "The White House is not currently considering, and has never considered, such an arrangement in the past." (CNBC)