Source: Reuters
“U.S. President Donald Trump said on Tuesday he had removed Treasury Secretary Scott Bessent from consideration for an open seat on the Federal Reserve’s Board of Governors, but said he would ‘very shortly’ announce his choice. In an interview with CNBC, Trump said Fed Governor Adriana Kugler’s decision to vacate her seat early was a ‘pleasant surprise.’ The departure of Kugler, whose term would have ended on January 31, appears to have accelerated Trump’s planning for the U.S. central bank, giving him an immediate opening to fill with a person who could also be promoted to the top policymaking role when Fed Chair Jerome Powell’s term ends in May. ‘It’ll be one of four people,’ Trump said, adding that he considered both current White House economic adviser Kevin Hassett and former Fed Governor Kevin Warsh as ‘very good’ possibilities.” (08/05/25)
https://www.reuters.com/world/us/trump-rules-out-bessent-fed-chair-2025-08-05/