Trump Says Bessent Out of Fed Chair Race After Declining Role

President Donald Trump has confirmed that Scott Bessent is no longer being considered for the Federal Reserve Chair role. Bessent declined the opportunity, expressing his wish to remain in his current position. Trump acknowledged and respected Bessent’s decision, and said other candidates are now under review for the job. This update brings clarity to the ongoing search for a new Fed Chair and signals a narrowed field of contenders for one of the top economic posts.