Trump on fed chair: ‘I think I know my choice’

US President Donald Trump waits for the arrival of Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman on the South Lawn at the White House in Washington, DC on November 18, 2025. Saudi Crown Prince Mohammed bin Salman arrived at the White House to fanfare and a jet flyover Tuesday, in his first visit to the United States since the 2018 murder of journalist Jamal Khashoggi. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)
US President Donald Trump waits for the arrival of Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman on the South Lawn at the White House in Washington, DC on November 18, 2025. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

OAN Staff Bailey Broadwater
3:06 PM – Tuesday, November 18, 2025

President Donald Trump says he’s pretty sure he knows who he wants as the new Federal Reserve chairman and it’s not Treasury Secretary Scott Bessent.

On Tuesday, Trump told reporters that he’d love to have Bessent in the role but that he does not want the job.

President Trump revealed his administration has been in talks with several different candidates, adding he wants current chair Jerome Powell out of there immediately.

“He’s a fool. He’s a stupid man,” the president said when talking about Powell.

While he did not name any candidates specifically, he did say he has a variety of candidates in mind for the high-ranking roll.

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https://twitter.com/RapidResponse47/status/1990844225743704332?s=20

Bessent told reporters they will be sitting down with the remaining candidates in the “near future.”

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