Story perspectives

Trump Eyes Bessent for Economic Adviser Amid Fed Decision

12/4/2025

Summary

Story summary

Aides to U.S. President Donald Trump consider appointing Treasury Secretary Scott Bessent as top White House economic adviser if Kevin Hassett becomes Federal Reserve chair.
Bessent would lead the National Economic Council and consolidate economic policy oversight.
Trump hinted at a decision on Hassett, who is among several candidates for the Federal Reserve chair position.
The announcement is expected in early 2026.
The NEC's role has diminished in Trump's second term.

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Story summary

Aides to U.S. President Donald Trump consider appointing Treasury Secretary Scott Bessent as top White House economic adviser if Kevin Hassett becomes Federal Reserve chair.
Bessent would lead the National Economic Council and consolidate economic policy oversight.
Trump hinted at a decision on Hassett, who is among several candidates for the Federal Reserve chair position.
The announcement is expected in early 2026.
The NEC's role has diminished in Trump's second term.