Coverage dated August 4, 2025

Trump rules out Bessent as next Fed chair

Headline from The Hill

President Trump takes Treasury Secretary Scott Bessent off the list of candidates for Federal Reserve Chairman as Bessent prefers his current role.

The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

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Reports & sources

9 articles, oldest first.

New York Post
Trump rules out Scott Bessent as Fed chair (opens New York Post)
Published Aug 4, 2025
New York Post's feed description
President Trump took Treasury Secretary Scott Bessent off his list of possible candidates to helm the Federal Reserve and joked about selecting “Squawk Box” anchors for roles on the central bank.
The Guardian
Trump says treasury chief Scott Bessent no longer being considered for Fed chair (opens The Guardian)
Published Aug 4, 2025
The Guardian's feed description
Trump may soon name pick for open Fed board seat and Fed chair nominee, but Bessent wants to stay in current role
CNN
Trump says Scott Bessent no longer in the running for Fed chair (opens CNN)
Published Aug 4, 2025
CNN's feed description
President Donald Trump said Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Federal Reserve Chair.
The Hill
Trump rules out Bessent as next Fed chair (opens The Hill)
Published Aug 4, 2025
The Hill's feed description
President Trump takes Treasury Secretary Scott Bessent off the list of candidates for Federal Reserve Chairman as Bessent prefers his current role.
The Daily Caller
Trump Rules Out Cabinet Secretary As Potential Pick To Lead Fed (opens The Daily Caller)
Published Aug 4, 2025
The Daily Caller's feed description
President Donald Trump on Tuesday ruled out Treasury Secretary Scott Bessent as a potential choice to replace Federal Reserve Chair Jerome Powell.
Washington Examiner
Trump says he won't select Scott Bessent as next Fed chairman (opens Washington Examiner)
Published Aug 4, 2025
Washington Examiner's feed description
The president's comments ended speculation that the treasury secretary would be in the running to succeed Jerome Powell, whose term ends in May 2026.
RedState
Trump Lifts Lid on Whether or Not Scott Bessent Will Be the Next Fed Chairman (opens RedState)
Published Aug 4, 2025
RedState's feed description
Trump discusses Scott Bessent
Fortune
Bessent won't replace Powell as Fed chair, Trump says: 'I love Scott, but he wants to stay where he is' (opens Fortune)
Published Aug 4, 2025
Fortune's feed description
The Treasury Secretary has said he has "the best job in Washington," although he has often been floated as a name for the top job at the central bank.
UPI
Trump: Treasury Secretary Scott Bessent doesn't want to be Federal Reserve chair (opens UPI)
Published Aug 4, 2025
UPI's feed description
President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer a possibility to replace Federal Reserve Chair Jerome Powell in 2026.