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Stocks waver, Trump rules out Bessent as next Fed Chair

DeFi Daily News by DeFi Daily News
August 5, 2025
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Market Domination anchor Josh Lipton breaks down the latest financial news for Aug. 5, 2025.
Stocks pull back ahead of the closing bell amid weaker-than-expected economic data, tariff and Fed uncertainty.
President Trump ruled out Treasury Secretary Scott Bessent as Fed Chair Powell’s successor. Our panel examines possible Powell replacements and what it means for rate cuts and markets.. For more Market Domination videos, please visit: https://finance.yahoo.com/videos/series/market-domination/
#youtube #stocks #investing

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Tags: BessentBondsbusinessChairCurrenciesEquitiesfedFederal ReserveFXInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsrulesSavingsStock marketstocksTrumpwaverYahoo FinanceYahoo FInance Premium
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