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How Scott Bessent Ended Up a Fed Chair Contender

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June 19, 2025

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President Trump says his decision on who will succeed Fed Chair Jerome Powell “is coming out very soon.” And according to new reporting from Bloomberg’s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job.

On today’s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president’s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell’s replacement and how that might impact Fed independence.

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President TrumpFed Chair Jerome PowellBloombergs Nancy CookBig TakeDavid GuraFed ChairSubscribe Bloomberg NewsYouTube Connect

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How Scott Bessent Ended Up a Fed Chair Contender · Bloomberg News · Sentinel