President Trump Responds to Idea Steve Bannon Floated About Scott Bessent

Steve Bannon, a longtime strategist with deep ties to conservative economic thinking, put forward a provocative suggestion during a recent podcast appearance. He argued for Scott Bessent, the current Treasury Secretary, to temporarily oversee both the Treasury Department and the Federal Reserve. This comes at a time when the administration seeks major shifts in monetary policy.

"I am a big believer that on an interim basis, that Scott Bessent should be both the head of the Federal Reserve and the secretary of Treasury, and maybe get through the midterm elections, step down at Treasury and take over the Federal Reserve," Bannon said in the interview with Sean Spicer, set to air on YouTube.