Government & Policy - Investors are questioning the value of Treasury Secretary Scott Bessent's pledge of support for President Javier Milei [1]

White House Response - The White House denies considering Scott Besson for both Treasury Secretary and Fed Chair, refuting Steve Bannon's suggestion [2] - The White House views Bannon's suggestion as typical of his provocative statements [4][5] Potential Political Implications - Steve Bannon and Sean Spicer discussed the idea on Spicer's podcast, potentially gaining traction within the MAGA base [2][3] - The president's potential interest and the practicality of the idea remain uncertain [3] Scott Besson's Position - President stated Besson is not a candidate for Fed Chair because Besson himself declined the position [6] - The idea of Besson holding both positions is considered unprecedented and controversial [3]

Leadership Change - The market is reacting to the news that Trump is seriously considering replacing Fed Chair Jerome Powell with Treasury Secretary Scott Bessent [1]