Steve Bannon on Scott Bessett as the Obvious Choice for Fed Chair

Scott Bessett as Fed Chair

• 🎯 Scott Bessett is presented as the most likely candidate to become the next Fed Chair, despite initial reluctance.
• 💡 Trump reportedly likes Bessett and wants him for the role, even if Bessett initially plays hard to get.
• 🧠 Bessett's proposed candidates are not seen as "TV savvy" or having a strong relationship with President Trump, unlike Bessett himself.

Trump's Candidate Selection Process

• 🔍 President Trump prefers candidates he has a strong relationship with and who understand his priorities.
• ⚠️ The selection process is compared to Goldilocks' porridge, with candidates being too hot or too cold until the "just right" one is found, which is implied to be Bessett.
• 🤝 Trump values having individuals he has been "in harness with" and seen under maximum pressure.

Bessett's Role and Economic Interpretation

• 📈 Scott Bessett is highlighted as the best interpreter of President Trump's economic plan to the capital markets.
• 📊 Under Bessett's interpretation, markets have reached all-time highs, and the 10-year Treasury yield is performing well.
• 🌍 Bessett has interpreted complex economic policies, including global commercial relationships, tariffs, and supply-side tax cuts aimed at driving growth.

Potential Dual-Role and Interim Basis

• 🔄 There is a strong possibility that Bessett could serve on an interim basis or in a "dual-hatted" role, similar to Marco Rubio's potential position.
• 🗣️ This scenario arises because Trump has had mixed success with National Security Advisers and may prefer to keep familiar figures in key positions.
• 🚢 The ongoing "rare earth war" with China is expected to further solidify Bessett's position, potentially in a dual-headed role.

Comparison to Other Candidates

• 🧐 The current candidates being presented to Trump are described as "random dudes off Facebook" who cannot articulate a coherent sentence.
• 🚫 This contrasts with Bessett, who is seen as a more capable and trusted interpreter of Trump's economic vision.
• 📊 The Fed's perceived miscalculation of interest rates further supports the idea that an interim appointment, likely Bessett, is the logical choice.