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President Donald Trump said Scott Bessent was an option to replace Jerome Powell as head of the Federal Reserve, but suggested the Treasury secretary was not the leading candidate because of his success in his current role.

Scott Bessent, the U.S. Treasury Secretary, is skipping the G-20 finance summit in South Africa for the second time this year. The weeklong gathering kicked off at the Zimbali resort near Durban Scott’s absence continues a broader boycott by top American officials,

JOHANNESBURG (Reuters) -Another no-show by U.S. Treasury Secretary Scott Bessent, Donald Trump's tariff threats and rising tensions between Washington and BRICS countries all look set to overshadow this week's meeting of G20 finance chiefs in Durban,

Japanese Prime Minister Shigeru Ishiba is arranging to meet U.S. Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported on Tuesday, ahead of an August 1 deadline to strike a trade deal with the United States.

The prime minister is understood to be aiming for a path to agreement in the ongoing bilateral tariff negotiations by meeting with the U.S. top negotiator in person.

Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.