Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank. “As the President said on Sunday,

Scott Bessent, who President-elect Donald Trump selected for Treasury secretary, told CNBC that Federal Reserve Chair Jerome Powell can finish his term leading the central bank. Trump recently told NBC News that he likely would not try to remove Powell.

President-elect Donald Trump said he won't replace Fed Chair Jerome Powell, but that may not keep them off the collision course they seem on.

But the president-elect, who during his first term repeatedly threatened to replace Powell, claimed the board chair would resign "if I told him to."

Donald Trump says he won’t try to replace Fed chief Jerome Powell | REUTERS US President-elect Donald Trump said in an interview he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January.