U.S. President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve's Board of Governors by the end of the week, and had separately narrowed the possible replacements for Fed chair Jerome Powell to a short list of four.

President Trump said he has four finalists in mind to replace Fed Chair Jerome Powell while ruling out Treasury Secretary Bessent as a possibility.

WASHINGTON—President Trump ruled out tapping Treasury Secretary Scott Bessent as chairman of the Federal Reserve. “I love Scott, but he wants to stay where he is,” Trump said during an interview with CNBC, adding that he would take him off the shortlist of candidates to succeed Fed Chair Jerome Powell when his term ends next year.

Office of Personnel Management ends Musk's federal employee reporting requirement, citing managers have other tools to track team member work progress.

President Trump said he plans to name a replacement this week for a Federal Reserve governor who unexpectedly resigned. Adriana Kugler's departure, slated for Friday, provides an opportunity fo