Trump Weighs Making Treasury Secretary Scott Bessent His Top Economic Adviser If Kevin Hassett Becomes Fed Chair: Report
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President Donald Trump is reportedly contemplating appointing U.S. Treasury Secretary Scott Bessent as his chief economic adviser if incumbent Kevin Hassett is chosen as the next Chairman of the Federal Reserve.
Additional Responsibilities For Bessent?
The Trump administration is planning to name Bessent as the Director of the National Economic Council (NEC), as the president prepares to pick Hassett for Fed Chairman, Bloomberg reported on Thursday.
If Bessent is named as the NEC Director, he would assume the role of chief arbiter of the economic portfolio of the administration. This would be in addition to Bessent’s current role as the Treasury Secretary, according to the report.
Market commentator, The Kobeissi Letter, reacted to this report on X and said, “A new era of financial policy
Additional Responsibilities For Bessent?
The Trump administration is planning to name Bessent as the Director of the National Economic Council (NEC), as the president prepares to pick Hassett for Fed Chairman, Bloomberg reported on Thursday.
If Bessent is named as the NEC Director, he would assume the role of chief arbiter of the economic portfolio of the administration. This would be in addition to Bessent’s current role as the Treasury Secretary, according to the report.
Market commentator, The Kobeissi Letter, reacted to this report on X and said, “A new era of financial policy
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
