'He's An Option...': Trump Discusses Possibility Of Replacing Powell With Bessent As Fed Chair

Forbes Breaking News

Speaking to reporters at JBA, President Trump mentioned possible replacements for Fed Chair Jerome Powell.

Transcript

00:00I'm for stopping them.

00:01The Press on the Fed chair search, sir.

00:03Is Scott Besson, your Treasury Secretary, your number one option

00:07whenever Jerome Powell leaves, or...?

00:09Well, he's an option.

00:10Is he your top option?

00:10And he's very good.

00:11Well, he's not, because I like the job he's doing.

00:14Right.

00:14That's why he's not.

00:15The Press is good to vote, sir.

00:16I like the job.

00:17I don't know if he was on the planet.

00:20Maybe he wasn't.

00:21But I do like the job he's done.

00:22Right.

00:23So, in that sense, probably he's not that much of an option.

00:26Right.

00:27Scott's been great.

00:28He's been terrific.

00:29He did a good job today.

00:31He's a very soothing force.

00:33You know, he's soothing.

00:34All right.

00:36Mr. President, the pharmaceuticals will be tariff

00:40probably at the end of the month.

00:42And we're going to start off with a low tariff

00:44and give the pharmaceutical companies a year or so to bill.

00:49And then we're going to make it a very high tariff,

00:50because we've got to move them in.

00:53Look, there's two ways you do it.

00:55You make money and or and or.

00:58You have them move here so they don't have to pay the tariff.

01:01Those are the two ways.

01:02The pharmaceutical companies are moving back to America

01:06where they should be.

01:08The Press is that in the same timeline.

01:11The semiconductor tariff.

01:12The similar.

01:15Actually less complicated, but similar.

01:17for semiconductors and you.

01:19The ideas of the

01:34think human.

01:34The theory is that they're really

01:36successful.

01:37And, of course, we have to just

01:39complain about

01:41language.

01:41Everything we do know is performing if we

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