Steve Bannon, former White House strategist, proposed Treasury Secretary Scott Bessent as the next Federal Reserve Chair, even suggesting he hold both positions temporarily. Bannon's recommendation, made during a podcast interview, was swiftly rejected by the White House. While there's no historical precedent for such a dual role, the suggestion comes amid ongoing criticism of the Fed's interest rate policies under Jerome Powell, whose term ends in 2026. Bessent, currently involved in the search for Powell's successor, has publicly stated his contentment with his current Treasury role.

Prepared by Lauren Mitchell and reviewed by editorial team.