Bessent considered for dual role leading US National Economic Council, Bloomberg News reports

Dec 3 Discussions are underway among U.S. President Donald Trump's advisers and close associates about potentially assigning Treasury Secretary Scott Bessent as the chief economic strategist for the White House, according to Bloomberg News, which cited sources familiar with the situation.

If selected, Bessent would assume leadership of the White House's National Economic Council while continuing his current responsibilities, particularly if Kevin Hassett is confirmed as the next Federal Reserve chair, the report indicated.

The news has not been independently verified.

Analysis: Potential Appointment of Scott Bessent

The discussions regarding Scott Bessent taking on the role of chief economic strategist reflect ongoing efforts within the White House to consolidate economic planning. If confirmed, Bessent would lead the National Economic Council while maintaining current duties, indicating a dual-role strategy contingent on Kevin Hassett's potential confirmation as Federal Reserve chair.

While Bloomberg News cites sources familiar with the situation, the report has not been independently verified. This underscores the preliminary nature of the discussions and the need for confirmation from official channels before drawing definitive conclusions about the administration's economic direction.

The move, if implemented, could signal a shift in internal economic coordination, aligning advisory roles with key Federal Reserve developments. Observers will likely watch closely for formal announcements or additional confirmations from the White House.

Sources:

• Bessent under discussion to also lead US National Economic Council, Bloomberg News reports