President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve Chairman Jerome Powell, but suggested that might not happen.

President Trump said Scott Bessent could potentially lead the Federal Reserve but the former hedge-fund manager wasn't his top choice because he was doing a good [job as Treasury secretary](

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. “As President Trump said, he’s not looking to fire chair Powell,” Bessent said, during an interview with Bloomberg Television.