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Steve Bannon floats idea of Bessent running both Treasury and the Fed

1. Steve Bannon proposes Scott Bessent as Fed Chair while keeping Treasury role. 2. White House spokesperson dismisses the proposal, indicating no interest. 3. Bessent is overseeing the search for Powell's successor in 2026. 4. Trump remains critical of the Fed's interest rate policies.

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FAQ

Why Neutral?

The proposal appears unlikely, which limits its market impact. Similar past speculation did not affect market behavior significantly.

How important is it?

The speculation reflects ongoing concerns in monetary policy that can influence market sentiment.

Why Short Term?

Immediate interest rate discussions may influence markets, but Bessent's role is uncertain.

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