{"id":2471121,"date":"2025-08-05T14:47:56","date_gmt":"2025-08-05T18:47:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-removes-big-name-from-federal-reserve-chair-short-list\/"},"modified":"2025-08-05T14:49:03","modified_gmt":"2025-08-05T18:49:03","slug":"trump-removes-big-name-from-federal-reserve-chair-short-list","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-removes-big-name-from-federal-reserve-chair-short-list\/","title":{"rendered":"Trump Removes Big Name from Federal Reserve Chair Short List"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-removes-big-name-from-federal-reserve-chair-short-list%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2471121&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump has ruled out Treasury Secretary Scott Bessent as a candidate to replace Federal Reserve Chair Jerome Powell. Although Trump has criticized Powell for not <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fact-check-did-glenn-youngkin-call-covid-19-relief-unnecessary-in-a-may-12-interview\/\" title=\"FACT CHECK: Did Glenn Youngkin Call COVID-19 Relief \u2018Unnecessary\u2019 In A May 12 Interview?\">lowering interest rates<\/a> and called for his resignation, Powell reportedly intends to complete his term ending in May 2026.Trump stated that Bessent prefers to remain Treasury Secretary and is not interested in the Fed Chair position. Allies of Trump have suggested the idea of appointing a &#8220;shadow Fed chair&#8221; before Powell&#8217;s term ends.Trump also mentioned he might remove powell once his term expires but is hesitant to do so earlier due to concerns about market disruption.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><\/p>\n<p>President Donald Trump on Tuesday ruled out Treasury Secretary Scott Bessent as a potential choice to replace Federal Reserve Chair Jerome Powell.<\/p>\n<p>Despite pressure from Trump, Powell has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cheney-says-she-wont-step-down-after-state-party-censures-her-calls-for-resignation\/\" title=\"Cheney Says She Won\u2019t Step Down After State Party Censures Her, Calls For Resignation\">reportedly informed<\/a> some close allies and associates that he intends to serve out the rest of his term, which ends in May 2026. Trump said on &ldquo;Squawk Box&rdquo; that <a href=\"https:\/\/www.westernjournal.com\/watch-scott-bessent-torches-cnns-dana-bash-brings-bunk-statistics\/\" target=\"_blank\" rel=\"noopener\">Bessent<\/a> was not under consideration to replace <a href=\"https:\/\/www.westernjournal.com\/watch-fed-chair-jerome-powell-fumes-trump-hands-document-building-tour\/\" target=\"_blank\" rel=\"noopener\">Powell<\/a> because he would prefer to remain in his current role heading the Treasury Department.<\/p>\n<div class=\"firefly-embed\"> <iframe loading=\"lazy\" class=\"rumble\" src=\"https:\/\/rumble.com\/embed\/v6uz3is\/?pub=4\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&ldquo;Well, I love Scott, but he wants to stay where he is,&rdquo; Trump said. &ldquo;I will &mdash; I&rsquo;ll take him off the &hellip; because I asked him just last night, &lsquo;Is this something you want?&rsquo; &lsquo;Nope. I want to stay where I am.&rsquo; He actually said, &lsquo;I want to work with you. It&rsquo;s such an honor.&rsquo; I said, &lsquo;That&rsquo;s very nice. I appreciate that.&rsquo;&rdquo;<\/p>\n<p>&ldquo;But no, <a href=\"https:\/\/www.westernjournal.com\/democratic-rep-gets-audible-backlash-tries-play-victim-questioning-scott-bessent\/\" target=\"_blank\" rel=\"noopener\">Scott<\/a> wants to do what he&rsquo;s doing. He&rsquo;s doing a great job, and he wants to do what he&rsquo;s doing,&rdquo; he continued. &ldquo;So I &mdash; just take him off. He does not want it. He likes being Treasury secretary. He&rsquo;s doing a really good job.&rdquo;<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>Trump has publicly <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114942222209732295\" target=\"_blank\" rel=\"noopener noreferrer\">criticized<\/a>&nbsp;Powell for not&nbsp;lowering interest rates during his presidency. The president has also repeatedly <a href=\"https:\/\/www.cnn.com\/2025\/07\/25\/politics\/powell-trump-fed-chair-resign-fire\" target=\"_blank\" rel=\"noopener noreferrer\">called<\/a> for the Fed chairman&rsquo;s resignation based on the Fed&rsquo;s refusal to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irresponsible-mockery-of-journalism-desantis-team-fires-back-at-ap-hit-piece-on-governors-promotion-of-covid-19-drug\/\" title=\"\u2018Irresponsible Mockery Of Journalism\u2019: DeSantis Team Fires Back At AP \u2018Hit Piece\u2019 On Governor\u2019s Promotion Of COVID-19 Drug\">cut rates<\/a>.<\/p>\n<p><iframe class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0;\" src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114942222209732295\/embed\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script><\/p>\n<p>Allies of the president have also floated the idea of naming a &ldquo;shadow Fed chair&rdquo; before Powell&rsquo;s term is over, Axios <a href=\"https:\/\/www.axios.com\/2025\/08\/01\/fed-trump-powell-kugler?stream=future\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a> on Friday.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/american-eagles-stock-price-soars-trump-praises-sydney-sweeney-ad-campaign-go-get-em-sydney\/\" target=\"_blank\" rel=\"noopener\">Trump<\/a> asserted on &ldquo;Finnerty&rdquo; on Friday that he would probably not remove Powell from his role as it could rattle the market.<\/p>\n<p>&ldquo;They say it would disturb the market,&rdquo; Trump said. &ldquo;I would remove him in a heartbeat, but they say it would disturb the market. He gets out in seven or eight months, and I&rsquo;ll put somebody else in.&rdquo;<\/p>\n<div class=\"disclaimer\">\n<p><em>All content created by the Daily Caller News Foundation, an independent and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-weighs-in-on-deadly-subway-clash-after-desantis-calls-marine-a-good-samaritan\/\" title=\"Trump Weighs In on Deadly Subway Clash After DeSantis Calls Marine a &#039;Good Samaritan&#039;\">nonpartisan newswire service<\/a>, is available without charge to any <a href=\"https:\/\/amzn.to\/3YuVZYV\" >legitimate news publisher<\/a> that can provide a large audience. All republished articles must include our logo, our reporter&rsquo;s byline and their DCNF affiliation. 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Although Trump has pressured Powell, the Fed chair has told close contacts that he plans to complete his term, which runs through May 2026. Speaking on &#8220;Squawk Box,&#8221; Trump explained that Bessent prefers to remain in his current position leading the Treasury Department. &#8220;I like Scott, but he wants to stay where he is,&#8221; Trump said. &#8220;I asked him last night if this was something he wanted, and he said no-he wants to keep doing what he&#8217;s doing.&#8221; Trump added that Bessent is doing an excellent job as Treasury secretary and wishes to continue in that role<\/p>\n","protected":false},"author":1,"featured_media":2471122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Donald-Trump-6.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[60686,32663,3634],"class_list":["post-2471121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-chair-shortlist","tag-federal-reserve","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Donald-Trump-6.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2471121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2471121"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2471121\/revisions"}],"predecessor-version":[{"id":2471125,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2471121\/revisions\/2471125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2471122"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2471121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2471121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2471121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}