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 may have found a way to oust Federal Reserve Chairman Jerome Powell, whom he has long criticized for the Fed keeping interest rates too high despite inflation falling. On Tuesday,

President Trump on Tuesday told reporters that Jerome Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters “sort of is” a fireable offense, and reportedly asked some GOP lawmakers Tuesday night if he should remove the central bank chairman.

Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.

South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an "African agenda" including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid fears that tariffs would overshadow the gathering.

President Trump appears to be inching closer to firing Jerome Powell as Federal Reserve chair, according to news reports and his own comments. Bloomberg reported that the president is likely to fire Powell "soon,

Treasury Secretary Scott Bessent told a room full of billionaires in Sun Valley that President Donald Trump shares a personality trait with his former boss, the famously liberal financier George Soros: Both are impatient when working on high-stakes deals.

That looming U.S.-China trade deadline? Don’t think too much about it, Treasury Secretary Scott Bessent is counseling investors.