Scott Bessent is staying on the job at a pivotal point for Trump’s agenda

Published August 8, 2025 5:35am ET



PITTSBURGH — It should come as no surprise that Treasury Secretary Scott Bessent declined to be the next Federal Reserve chairman. Spend any time listening to Bessent talk, and it is clear he is laser-focused on one thing, something he can only accomplish in his current job: lifting America’s economy into a position where both Main Street and Wall Street are performing equally robustly.

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