Trump's Fed Chair Pick Puts Bessent in Crosshairs

President Trump is about to pick the next head of the Federal Reserve, and Treasury Secretary Scott Bessent has been helping with this important decision.

Bessent wants someone who will lower interest rates and work closely with the White House.

There are four main candidates, but two are seen as the most likely: Kevin Hassett and Kevin Warsh.

If Trump picks someone Bessent likes, it could be good for Bessent's career.

But if things go wrong, Bessent could lose his job.

Bessent also wants to change how the Fed works, giving the Treasury more say in some decisions.

He believes the Fed has made the economy unfair by making asset prices too high.

Whether or not Bessent becomes the Fed Chair, he is already influencing how the Fed operates.