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,

President Trump said he has four finalists in mind to replace Fed Chair Jerome Powell while ruling out Treasury Secretary Bessent as a possibility.

The Treasury secretary has said he has “the best job in Washington,” although he has often been floated as a name for the top job at the central bank.