Treasury Secretary Scott Bessent Says Dual Fed Chair Role Unprecedented Since 1930s Amid Trump Appointment Talks

Scott Bessent, currently serving as Treasury Secretary, was asked whether he could simultaneously hold the positions of Federal Reserve Chair and Treasury Secretary. Bessent responded that this dual role has not been undertaken since the 1930s but did not explicitly rule out the possibility. He expressed contentment with his current role and noted that there are many qualified candidates for the Fed Chair position, with plans to begin the selection process soon. Discussions and analyses have emerged regarding the legal feasibility of one individual holding both top financial positions concurrently, particularly in the context of former President Donald Trump's potential appointment decisions.