Treasury Secretary Scott Bessent tried taking his flattery to new heights Tuesday—by pitching a demotion for President Donald Trump.

Bessent, 63, told Bret Baier on Fox News’ Special Report that he was officially out of the running to replace Jerome Powell as Federal Reserve chair, before floating Trump, 79, for the job.

“I think President Trump would make a great Fed chair. He has an open mind. He understands monetary policy better than a lot of people,” said Bessent, a former hedge fund manager, drawing chuckles from Baier.

Though it would technically be a step down, Trump certainly has appeared eager to take charge of the country’s monetary policy since his return to the White House, tearing into Powell for months over his reluctance to lower interest rates.

While Trump, a forme

See Full Page