President Trump is making headway in his selection process for the next Federal Reserve chair, confirming that Treasury Secretary Scott Bessent will not be nominated. Trump stated that Bessent prefers to remain in his current role, prompting the president to narrow the candidate list to four individuals: Kevin Warsh, Kevin Hassett, Christopher Waller, and Michelle Bowman. The decision comes amid rising tensions with the central bank, and Trump is expected to announce his nominee soon.