New Delhi, July 16 -- US Treasury Secretary Scott Bessent is among the people who are being considered as the next Chairman of the Federal Reserve, President Donald Trump confirmed on Tuesday, but suggested that he is not among the top choices.

Since the intensification of Trump's feud with Powell over not cutting interest rates despite lower inflation, Bessent has emerged as a top candidate to replace the Fed chair.

The US Treasury Secretary earlier in an interview on Bloomberg Television said that Powell should step down from the bank's board when his term as chair ends in May 2026.

Scott Bessent, before assuming his role as the Treasury Secretary, spent his career in finance, working for macro investment billionaire George Soros and...