A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.

At the heart of the debate over Bessent's appointment is the thorny question of the central bank's independence. Trump has never concealed his frustration with Powell, whom he appointed in 2017, for his reluctance to lower interest rates in the face of tariff uncertainty.

Trump is reportedly considering Treasury Secretary Scott Bessent among top contenders to replace Fed Chair Jerome Powell, who he has criticized over interest rates.

Paul Tudor Jones said President Donald Trump is likely to appoint an “uber dovish” Federal Reserve chair to accommodate his growth agenda, contending that Treasury Secretary Scott Bessent would likely be his pick when Jerome Powell’s term ends next year.

The CBO estimated last week that the tax-and-spending cuts package would increase deficits by $2.4 trillion over 10 years.

Treasury Secretary Bessent warns Gov. Newsom that withholding federal tax payments over Trump's proposed transgender athlete fines would constitute tax evasion.

Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.

El secretario del Tesoro, Scott Bessent, se abstuvo de argumentar si la legislación fiscal que los republicanos están tratando de aprobar en el Congreso aumentará o no la carga de deuda.