Trump confirms Scott Bessent won't replace Powell as Fed chair amid rising tensions with central bank

President Donald Trump on Tuesday said Treasury Secretary Scott Bessent won't be in the running to become the next chair of the Federal Reserve. "He wants to stay where he is. I'll take him off the — because I asked him just last night, ‘Is this something you want?’ ‘Nope. I want to stay where I am.’ He actually said, ‘I want to work with you,’" Trump said during a CNBC interview Tuesday morning. "He likes being Treasury secretary. He's doing a really good job. We made the greatest trade deals in the history of our country. We had to because we were being ripped off by the world."Bessent previ