Trump says new Fed chair to be announced early next year

STORY: :: Trump says he will announce the new Federal Reserve chair 'probably early next year'

:: December 2, 2025

:: Washington, D.C.

TRUMP: "But we have a guy that's just a stubborn ox, who probably doesn't like your president, your favorite president. But they're going to be coming down. We'll be announcing somebody probably early next year, for the new chairman of the Fed. I talked to Scott about taking the job and he doesn't want it. You got the greatest job here?"

:: Scott Bessent, U.S. Treasury Secretary

"Yes, sir. Right." 

TRUMP: "He said, no, I wanted to stay here. I want to stay, I want to stay right where we are, Treasury. And I think we're doing really great, aren't we?" 

BESSENT: "We're doing great, sir. And it's a great team to be part of." 

TRUMP: "Yeah, it's amazing." 

In remarks at a cabinet meeting, Trump also said Treasury Secretary Scott Bessent does not want that job.