President Donald Trump said Scott Bessent will not become the administration's “Super Intelligence” czar, adding that he wants to keep Bessent at the Treasury Department.
Why it matters
The statement signals that Trump wants Bessent to remain in his current Cabinet role rather than take on the proposed AI policy position. It does not identify who, if anyone, will lead that effort.
Market impact
Bessent's responsibilities at Treasury remain the immediate focus for markets watching US fiscal and economic policy. The comments do not announce a change to Treasury policy or name a replacement for the AI role.
Frequently asked questions
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What role did Trump say Scott Bessent would not take?
Trump said Bessent would not become the administration's “Super Intelligence” czar.
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Where does Trump want Bessent to remain?
Trump said he wants to keep Bessent at the Treasury Department.
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Did Trump name someone to lead the AI effort?
No. The statement did not identify who, if anyone, will lead the AI effort.
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Does the announcement change Treasury policy?
The comments do not announce a change to Treasury policy.
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What is the immediate policy focus for markets?
Bessent's responsibilities at Treasury remain the immediate focus for markets watching US fiscal and economic policy.
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