Bessent on becoming Fed chair: ‘I will do what the president wants’

Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump looks to replace the central bank chief as soon as possible.

Asked if it’s a job he would want to do, Bessent said he would comply with Trump’s wishes.

“I will do what the president wants,” he said in a TV interview with Bloomberg News, adding that he was happy with his current position as Treasury secretary.

Multiple names for Powell’s successor have been floated in Washington policy circles.

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