🚨 Trump Reshuffles the Fed Deck! 🇺🇸♟️

In a surprise political twist, Donald Trump has taken Treasury Secretary Scott Bessent off the shortlist to replace Jerome Powell as Fed Chair.

Why the sudden drop?

Bessent reportedly said, “I’m good where I am,” in a private conversation — signaling he’s not leaving Treasury anytime soon, according to CNBC.

🔍 So who’s in the running now? Trump’s eyeing:

◽ Kevin Warsh – Former Fed governor

◽ Kevin Hassett – Ex-chief White House economist

◽ 🔐 Two mystery candidates still under wraps...

Trump hasn’t hidden his frustration with Powell — even calling him a “numbskull” for stalling on rate cuts. With the Fed holding steady on interest rates and Governor Kugler abruptly stepping down, Trump sees a golden chance to try out a successor ahead of Powell’s 2026 exit.

Meanwhile, Bessent stays busy leading U.S.-China trade negotiations, just as major tariffs loom on August 12.

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