Donald Trump says Scott Bessent will not be nominated for the position of chair of the Federal Reserve System
The U.S. president said on CNBC on Tuesday that on Monday evening he asked Bessent if he wanted to move to the Fed, but the Treasury Secretary replied that he wanted to stay in his current position.
"I love Scott, but he wants to stay where he is," Trump said. "He doesn’t want that. He likes being the Treasury Secretary. He really does a good job."
