U.S. Treasury Secretary Scott Bessent has been floated as a possible successor to Federal Reserve (Fed) Chair Jerome Powell, a report stated on Tuesday.
The report by Bloomberg News cited sources aware of the matter, a declare the White House instantly denied.
Bessent joins a small record of Fed chair candidates that has included Kevin Warsh, a former Fed official whom President Donald Trump beforehand interviewed for Treasury secretary, Bloomberg added.
A White House official dismissed the report as false.
Trump stated on Friday he would identify a successor to Powell very quickly. Bloomberg, citing two unidentified individuals aware of the matter, reported that formal interviews for the job haven’t begun.
Bessent is main Trump’s sweeping world commerce overhaul and has a hand in pushing for adjustments to taxes and laws.
Source: www.dailysabah.com