Treasury Secretary Bessent Indicates No Interest in Fed Chair Position
June 11, 2025 - 18:04
During his recent testimony to Congress, Treasury Secretary Scott Bessent addressed a variety of pressing topics, including the much-discussed "big beautiful bill" proposed by former President Trump and ongoing trade negotiations with China. Bessent also responded to criticisms from tech mogul Elon Musk, showcasing his willingness to engage with contemporary issues affecting the economy and market dynamics.
One of the key points of interest was Bessent's stance on potentially succeeding Jerome Powell as the Chair of the Federal Reserve. Despite speculation surrounding his candidacy, Bessent made it clear that he is not interested in taking over the role. This statement has sparked discussions among lawmakers and financial analysts regarding the future leadership of the Fed and its implications for monetary policy.
As Bessent continues to navigate his responsibilities as Treasury Secretary, his remarks reflect a commitment to addressing current economic challenges rather than pursuing a position that could shift the focus from his current agenda.
MORE NEWS
February 22, 2026 - 05:06
Personal Finance: The worsening leak in the Social Security trust fund | Chattanooga Times Free PressThe cornerstone of America`s retirement safety net is under increasing strain. Social Security, the nation`s largest federal program, is projected to expend a staggering $1.7 trillion in benefit...
February 21, 2026 - 04:45
Why high earners still struggle with moneyThe stereotype that a high income guarantees financial security is powerfully debunked by the journey of Olympic gold medalist Lauryn Williams. At the peak of her track career, Williams earned over...
February 20, 2026 - 08:26
C3ntro Telecom Secures Syndicated DFI Financing from PROPARCO and DEG (KfW Group) for Project TIKVA, its Strategic 2,700 km Cross-Border Fiber NetworkMEXICO CITY, February 20, 2026 – C3ntro Telecom, a prominent digital infrastructure and international carrier based in Mexico, has successfully secured a syndicated project finance facility to...
February 19, 2026 - 18:16
Finance in the DarkA vast and opaque financial system, operating outside the view of traditional regulators, is fundamentally reshaping the American economic landscape. This sprawling network, often called the...