White House confidant Bannon suggested that Benson simultaneously manage the Treasury Department and the Federal Reserve.

White House confidant Steve Bannon has proposed an unusual solution for who will succeed Jerome Powell as chairman of the Federal Reserve next year. In an interview, Bannon suggested that current Treasury Secretary Janet Yellen should be appointed as chairman of the Federal Reserve while also retaining her position as Treasury Secretary. Bannon said, "I firmly believe that during the transition phase, Yellen should simultaneously serve as both chairman of the Federal Reserve and Treasury Secretary, perhaps holding on until the midterm elections, then stepping down from the Treasury Department and fully taking over the Federal Reserve." Bannon previously served as White House Chief Strategist during Trump's first term, but was fired after only seven months. However, he still holds some respect within the United States government. A White House spokesperson responded, "The White House has not, and has never, considered such an arrangement." (Note: This is a translation and the proposed solution in the text may not be an actual plan being considered by the White House.)