Core Viewpoint - The proposal for Treasury Secretary Scott Bessent to simultaneously serve as the Federal Reserve Chair has been suggested by Steve Bannon, although the White House has dismissed this idea as not being considered [2][4]. Group 1: Proposal Details - Steve Bannon proposed that Scott Bessent should take over as Federal Reserve Chair while retaining his position as Treasury Secretary, at least until after the midterm elections [3]. - Bannon believes that Bessent could manage both roles temporarily and then step down from Treasury to focus on the Federal Reserve [3]. Group 2: Context and Background - There is no direct historical precedent for a Treasury Secretary also serving as Fed Chair, although prior to the Banking Act of 1935, the Treasury chief was an ex-officio member of the Fed's Board of Governors [5]. - Janet Yellen is noted as a former Fed Chair who later became Treasury Secretary, but her terms were not concurrent [5]. - Bessent is currently leading the search for Powell's successor, with 11 candidates reportedly in consideration, although he has expressed contentment with his current role [6].