Trump's Fed Chair Pick: Bessent or Outsiders?
Update: 2025-11-19
Description
President Trump reiterates his desire to appoint Treasury Secretary Scott Bessent as Federal Reserve chair, despite Bessents repeated decline. This comes amidst Trumps criticism of current chair Jerome Powell and his push for rapid interest rate reductions. Bessent, known for his criticisms of the Federal Reserves post-recession policies, is leading the administrations search for a new chair. Trump aims to appoint an outsider, with Bessent and four other candidates in the running. The final decision is expected by mid-December.
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