Trump urges Treasury Secretary Bessent to take Federal Reserve job
By CHRISTOPHER RUGABER and JOSH BOAK WASHINGTON (AP) For the second time in two days, President Donald Trump said Wednesday that he would like to appoint Treasury Secretary Scott Bessent to chair the Federal Reserve. Yet Bessent keeps saying he doesn’t want the job, Trump added, in comments to the U. S.-Saudi Investment Forum. “We’re thinking about him for the Fed, but he wants no part of it, he likes being secretary of the Treasury,” Trump said. “I think we’ll leave him so let’s cross your name off right, officially, right?” 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 as a replacement will almost certainly push for rapid interest rate cuts and likely institute wide-ranging changes in how the Fed operates. Bessent earlier this year published extensive criticisms of the Fed’s groundbreaking efforts to shore up financial markets and the economy after the 2008-2009 Great Recession and during the pandemic. Bessent is heading up the Trump administration’s search for a new Fed chair. Yet despite his protestations, he is also widely seen as a leading potential replacement for Powell. “He’s a top-tier candidate right now,” Stephen Moore, a senior economic adviser to Trump in his first term, said. Trump “wants to shake things up, so I think he wants an outsider.” Two of the five candidates Bessent has named are current Fed officials: Governors Christopher Waller and Michelle Bowman. The other three would fit the outsider criteria: Kevin Hassett, currently a top White House economic official; Kevin Warsh, a former Fed governor who has been highly critical of the Fed; and Rick Rieder, a senior managing director at asset manager BlackRock. Late Tuesday, in an interview By mid-December, “the president will meet the final three candidates and hopefully have an answer before Christmas,” Bessent said. Associated Press Writer Fatima Hussein contributed to this report.
https://www.capitalgazette.com/2025/11/19/federal-reserve-bessent/
You may also like
相关资源
You may be interested
The New York Times
- Read Some of John F. Burns’s Reporting From Around the World 2026 年 3 月 13 日 Michael Levenson
- Family Members of Michigan Synagogue Attacker Died in Airstrike in Lebanon 2026 年 3 月 13 日 Jacey Fortin, Hwaida Saad, Neal E. Boudette and Kurt Streeter
- Cuba Acknowledges Talks with Trump Officials For the First Time 2026 年 3 月 13 日 Frances Robles, Patricia Mazzei and Dariel Pradas
- Earlier Cholesterol Testing Can Reduce Heart Attacks and Strokes, New Guideline Says 2026 年 3 月 13 日 Gina Kolata
- His Harvard Lab Was Thriving. Then Came the Cuts. 2026 年 3 月 13 日 Jenna Russell
- Mussolini Would Have Loved Trump’s Ballroom 2026 年 3 月 13 日 Paul Goldberger
- Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars 2026 年 3 月 13 日 Luke Broadwater and Nicholas Nehamas
- Pete Hegseth Says ‘the Sooner David Ellison’ Buys CNN, ‘the Better’ 2026 年 3 月 13 日 Michael M. Grynbaum
- After 17 Oscar Nominations, Diane Warren Is Still Chasing Her First Win 2026 年 3 月 13 日 Kellina Moore
- Sam Page Poised to Beat Phil Berger in High Stakes N.C. Primary 2026 年 3 月 13 日 Eduardo Medina
Leave a Reply