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.

Treasury Secretary Scott Bessent tells President Donald Trump he wants to stay in his role rather than pursue Fed chair role as Jerome Powell succession process begins.

President Trump said he's down to four potential replacement for Fed Chair Jay Powell, but ruled out Treasury Secretary Scott Bessent as one of them in an interview on Tuesday.