The President ruled out Treasury Secretary Scott Bessent to succeed Jerome Powell but said there are four others on his list.

U.S. President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve's Board of Governors by the end of the week, and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of four.

Treasury Secretary Scott Bessent is not one of them. Two under consideration are Kevin Hassett and Kevin Warsh.