The list of candidates to succeed Fed Chair Jerome Powell has been cut down to four after Treasury Secretary Scott Bessent dropped out of consideration, President Donald Trump said Tuesday amid his growing feud with Powell over the agency’s decision to hold interest rates.

Trump said he had four candidates in mind to replace Powell, whose term expires in May, including Kevin Warsh, who formerly served on the Fed’s seven-member board of governors, and Kevin Hassett, the director of the White House National Economic Council.

US President Donald Trump said Tuesday that he has narrowed his potential choices for heading the Federal Reserve to four candidates, but that Treasury Secretary