Our White House spies now tell us that our Final Four list to replace Fed Chairman Jerome Powell as reported in Tuesday’s Hotline was incomplete. We listed Hassett, Kudlow, Laffer, and Warsh as the final four, but we’re now told there’s a fifth contender: Treasury Secretary Scott Bessent.
We’re told Trump is thrilled with the job Bessent has done in steering the economy out of trouble and may want him to run monetary policy at the Fed. He’d be a great pick in our estimation, but we’re not sure we can afford to lose Bessent at the helm of Treasury.