. ‘That Was Not a No!’ Trump’s Treasury Secretary Doesn’t Close the Door on Also Becoming Fed Chair - News Times

‘That Was Not a No!’ Trump’s Treasury Secretary Doesn’t Close the Door on Also Becoming Fed Chair

By News Here - 12:07

Treasury Secretary Scott Bessent was put on the spot Thursday when he didn’t definitively rule out becoming the next chair of the Federal Reserve.

Bessent on Thursday joined CNBC Money Movers for a wide-ranging discussion. When the topic got to President Donald Trump’s ongoing feud with current Fed Chair Jerome Powell, host Sara Eisen brought up speculation that Bessent was a candidate to succeed him. She asked the secretary if it would even be possible to occupy both roles.

“Your name gets floated out there,” Eisen said. “You have some odds on Polymarket of being the next Fed chair. Can you be a Fed chair and a Treasury secretary at the same time?”

In response, Bessent stressed that he was happy with his current role.

“Well, I think it hasn’t been done since 1930-something,” the secretary said, adding, “And I’m very happy in my job here. I think we have lots of good candidates for Fed chair. We will start working on that in the fall. We’ve been busy. The president’s been doing peace deals, trade deals, tax deals — and we are landing the plane on all of those — so we’re going to have more bandwidth after Labor Day.”

Eisen, however, noticed that Bessent didn’t explicitly rule it out.

“That was not a no — I just want to point out — on the double job,” she said. “Very interesting.”

Bessent simply remained silent until it was time to end the segment seconds later.

Watch above via CNBC.

The post ‘That Was Not a No!’ Trump’s Treasury Secretary Doesn’t Close the Door on Also Becoming Fed Chair first appeared on Mediaite.



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