White House Denies Rumors of Scott Bessent as Potential Fed Chair

Political rumors continue to swirl around the Federal Reserve, particularly regarding a potential successor for Chair Jerome Powell. Despite media reports suggesting Scott Bessent was under consideration by the White House for the top economic role, that narrative has been swiftly refuted. The White House issued a clear denial, asserting that these claims are ‘groundless’ and based on inaccurate information. While speculation continues around future administrations and the potential for a major shift in leadership at the central bank, this latest statement offers clarity to markets.