President Donald Trump told CNBC's "Squawk Box" this week that Treasury Secretary Scott Bessent has no interest in leading the Federal Reserve.

Nevertheless, one observer recently suggested that Trump could "Make the Fed Great Again" by having Bessent replace current Federal Reserve Chairman Jerome Powell.

Bessent has "already delivered results" at Treasury Department

That argument was put forward on Wednesday by Breitbart contributor John Carney, who stressed that Bessent has "already delivered results."

"Treasury under Bessent has reshaped incentives, redirected global capital flows, and neutralized the bureaucratic veto power that throttled investment under the old regime," Carney declared.

"The next task is making that framework durable," he insisted before adding, "That means restoring monetary policy as a tool for growth and ensuring the Fed does its job without undermining the rest of the economic strategy."

Carney asserted that Bessent's "approach is grounded in incentives and mechanics, not vibes and models," something which is "exactly what the Fed has been missing."

Carney: Fed became "a soft climate regulator" and "an enforcer of DEI agendas"

The commentator went on to maintain that the Treasury secretary's "signature phrase" of "re-privatizing the economy" represents "a programmatic shift" which the Federal Reserve desperately needs.

"The prior regime tried to repurpose the Fed into a soft climate regulator, using guidance and scenario testing to steer capital away from politically disfavored sectors, and an enforcer of DEI agendas," Carney complained.

"The effect was to create a quiet veto on energy and heavy industry, enforced not by statute but by supervisory pressure, and a financial sector compromised by left-wing social engineering goals," he pointed out.

In contrast, Trump's agenda "requires a chair who can bring monetary policy back to earth, rebuild credibility with markets, and translate balance sheet mechanics into pro-growth action."

"That’s what Bessent has done his entire career," Carney insisted, contending that Bessent's "time at Treasury has only sharpened the edge."

Trump has narrowed list of possible Fed chairs to four names

Nevertheless, Reuters reported that the president announced at the White House on Tuesday that he had narrowed a list of Federal Reserve chair candidates down to four names, none of whom is Bassent.

They are White House economic adviser Kevin Hassett, former Federal Reserve Governor Kevin Warsh, and two other individuals.

While Trump did not identify the two unnamed figures, Reuters cited sources who said that one of them is current Federal Reserve Governor Christopher Waller.