President Trump says his decision on who will succeed Fed Chair Jerome Powell “is coming out very soon.” And according to new reporting from Bloomberg’s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job.

On today’s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president’s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell’s replacement and how that might impact Fed independence.

Read more: Bessent Emerging as a Contender to Succeed Fed’s Powell

President Trump says his decision on who will succeed Fed Chair Jerome Powell &ldquo;is coming out very soon.&rdquo; And according to new reporting from Bloomberg&rsquo;s Nancy Cook and Saleha Mohsin, Treasury Secretary Scott Bessent is a contender for the job.
On today&rsquo;s Big Take podcast, Nancy and Saleha join host David Gura to discuss the president&rsquo;s Apprentice-style approach to selecting a Fed Chair, what he wants in Powell&rsquo;s replacement and how that might impact Fed independence.
Read more: <a href="https://www.bloomberg.com/news/articles/2025-06-10/bessent-emerges-as-possible-contender-to-succeed-fed-s-powell">Bessent Emerging as a Contender to Succeed Fed&rsquo;s Powell</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Fed Chair Scott Bessent? The Race to Replace Jay Powell 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/59cb3ae6-686b-4ab3-a627-b2f9014d641d/transcript

Advertisement