Scott Bessent is not going to be the next Federal Reserve chair. This came only hours after Scott himself said he’d be “happy to do it” if asked. The timing was insane. One moment, the Treasury Secretary was on Bloomberg TV talking like a front-runner.

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

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.

Donald Trump's tariff threats and rising tensions between Washington and BRICS countries look set to overshadow this week's meeting of G20 finance chiefs in Durban, South Africa.