A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.Most Read from BloombergTrump’s Military Parade Has Washington Bracing for Tanks and WeaponryNY Long Island Rail Service Resumes After Grand Central FireNYC Mayoral Candidates All Agree on Building More Housing.

FILE PHOTO: U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing entitled "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System," on Capitol Hill in Washington, D.C., U.S., May 7, 2025. REUTERS/Nathan Howard/File Photo

Treasury Secretary Scott Bessent is being floated as the next chair of the Federal Reserve—an institution whose credibility rests on its independence from political meddling. Advisers inside and outside the White House are pushing for President Donald Trump to name Bessent as the successor to current Fed Chair Jerome Powell,