How Scott Bessent could help Kevin Warsh get confirmed as Fed chairman

Source: New York Post

Treasury Secretary Scott Bessent is expected to help Kevin Warsh walk the tightrope as the incoming Federal Reserve chairman – pursuing a “hawkish” approach to monetary policy while also catering to President Trump’s easy-money agenda, On The Money has learned. That’s the consensus of Wall Street executives with ties to the Trump White House who know key players in the MAGA world – including Bessent and Warsh.   One source, an economist with ties to the Trump economic team, expects Warsh to lean heavily on Bessent – not just to get through the Senate confirmation process but also to navigate a mercurial president and his demands for lower short-term rates that the Fed controls.