Fed Pick Puts Pressure on Bessent to Deliver for Trump

December 3, 2025

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1 min read

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The New York Times

Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.

In an August post on Truth Social, President Trump lashed out at his first-term Treasury secretary, Steven Mnuchin, for advising him to select Jerome H. Powell as chair of the Federal Reserve in 2017. Mr. Trump, who had spent months fuming that Mr. P... [1348 chars]

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Source: The New York Times

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