🔥 Trump Pulls the Plug on Bessent as Fed Drama Escalates! Who’s Next for the Hot Seat? 📉🇺🇸
BOOM! Major shake-up on the U.S. monetary battlefield — Scott Bessent is OUT of the running to replace Fed Chair Jerome Powell! Former President Donald Trump just confirmed it: Bessent, the current Treasury Secretary, said "No thanks" to the top Fed job, choosing instead to stay focused on global trade warfare. 💼💣
Trump $TRUMP told CNBC: “Scott’s great — but he’s staying put.” That’s the end of speculation… for now. 🧠
🔍 Who’s In the Fed Race Now?
Trump’s updated shortlist for the next Fed boss now includes:
Kevin Warsh – Ex-Fed Governor with a hawkish rep
Kevin Hassett – Trusted White House economist
Two mystery names still under wraps 👀
This comes as Trump doubles down on his attacks against Powell, calling him “a numbskull” and demanding faster rate cuts to jumpstart growth. 🗣️📉
⚠️ Fed Faces Unrest
The Fed just held rates steady, but not everyone agreed:
Waller and Bowman wanted a rate cut
Adriana Kugler just resigned, leaving another vacant seat
Trump plans to fill that spot with a 4-month interim pick — likely a trial run for Powell’s successor ahead of 2026. 🎯
🌐 Bessent Isn’t Done Yet
He’s now deep in U.S.-China trade talks, leading a critical negotiation in Sweden before the August 12 deadline. And behind the scenes, he’s still helping vet Fed chair candidates. Power moves, just not from the Fed seat. 🧠💼
#TrumpMoves #FedWatch #RateCutNow #CryptoMacro #BinanceTrending #ScottBessent #USChinaTrade #BitcoinNews #BinanceSquare #CryptoPolitics #KevinWarsh #MarketWatch #BTC #PowellOut? #FOMCShakeup