President Donald Trump said Scott Bessent was an option to replace Jerome Powell as head of the Federal Reserve but suggested the Treasury secretary was not the leading candidate because of his success in his current role.

President Trump on Wednesday told reporters that Jerome Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters 'sort of is' a fireable offense, raising new questions about whether he may seek to oust the central bank boss.

Other candidates under consideration include former Federal Reserve governor Kevin Warsh and top economic adviser Kevin Hassett.

Treasury Secretary Scott Bessent told a room full of billionaires in Sun Valley that President Donald Trump shares a personality trait with his former boss, the famously liberal financier George Soros: Both are impatient when working on high-stakes deals.

That looming U.S.-China trade deadline? Don’t think too much about it, Treasury Secretary Scott Bessent is counseling investors.

During his remarks in a Senate hearing in June, Senator Peter Welch clashed with Scott Bessent over the Trump Administration's reckless use of tariffs, which he labeled "pretty painful."

Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.

Mr Bessent is set to visit the World Expo in Osaka on July 19. Read more at straitstimes.com. Read more at straitstimes.com.