President Trump said Scott Bessent could potentially lead the Federal Reserve but the former hedge-fund manager wasn't his top choice because he was doing a good [job as Treasury secretary](

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 Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve Chairman Jerome Powell, but suggested that might not happen.