๐จ Breaking News: Trump Shakes Up the Fed Game! ๐บ๐ธ๐ฅ
In a late-night political curveball, Trump drops Treasury Secretary Scott Bessent from the shortlist to replace Jerome Powell as Fed Chair.
Why? Bessent coolly responded, โIโm good where I am,โ during a private chat โ confirming heโs staying put at Treasury, as reported by CNBC.
๐ง So whoโs next in line? Trumpโs watchlist now includes:
๐น Kevin Warsh โ Former Fed insider
๐น Kevin Hassett โ Ex-White House economist
๐น Plus two mystery names still under wraps ๐
Trumpโs frustration with Powell is no secret โ calling him a โnumbskullโ over rate cut delays. With Fed rates on pause and Governor Kugler suddenly stepping down, Trump sees an opening to test-drive a future chair before Powell's term ends in 2026.
Meanwhile, Bessent isnโt sitting idle โ heโs steering U.S.-China trade talks with major tariffs set to hit August 12.
๐ The Fed chessboard is shifting fast. Get ready for high-stakes moves.$TRUMP