“Republicans like Scott Bessent as Treasury secretary, and they’d support him as chair of the Federal Reserve. Just maybe not at the same time,” Semafor reports.

“As President Donald Trump criticized current Fed Chair Jerome Powell yet again on Tuesday for not cutting interest rates, Republicans cautioned the president to take his time before announcing who could replace Powell next year — whether that’s Bessent or someone else.”

“Most crucially for the administration, though, two senior GOP senators on key fiscal committees aired worries about one person holding both the Treasury job and the Fed chairmanship. That idea, which the White House dismissed after Bloomberg reported this month that Trump’s advisers had discussed it with him, would break nearly a century of precedent and spark questions about its effect on the central bank’s independence.”

New York Times: Bessent steps up criticism of Fed as auditions for Chair.

“Pam Bondi’s tendency to exaggerate is catching up to her,” the Wall Street Journal reports.

“Right-wing influencers and allies of President Trump are calling for the attorney general’s resignation after she backtracked on a promise to release what she once called a ‘truckload’ of documents from the Federal Bureau of Investigation’s investigation into convicted sex offender Jeffrey Epstein.”

“Bondi also previously implied that she had a list of Epstein’s clients sitting on her desk waiting for her review. The Justice Department on Monday denied the existence of such a list and said it would make no further disclosures about the case.”

Playbook: “And it’s striking that while Trump was quick to rally to the defense of FBI chiefs Kash Patel and Dan Bongino — who are also getting it in the neck from the MAGA faithful — there’s been no such show of love for Bondi as yet.”