WASHINGTON -- US Treasury Secretary Scott Bessent is reportedly looking to leave the Trump administration following the president's "reciprocal tariff" announcement, which has raised concerns about its impact on the economy, The New Republic reported on Saturday.
On MSNBC's Morning Joe, contributor Stephanie Ruhle revealed that Bessent, once a hedge fund manager, is increasingly isolated within the administration and may be seeking an exit to salvage his credibility, possibly aiming for a position at the Federal Reserve.
According to the report, Bessent's frustration stems from Trump's tariff policy, which includes a 10 percent baseline tariff on nearly all foreign goods, a move that Bessent warned could escalate global trade tensions.