News

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.
Treasury Secretary Scott Bessent says ‘formal process’ to find Jerome Powell’s successor has started
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome ...
US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports
U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is ...
Trump: Bessent an Option to Replace Fed Chair, 'But I Like the Job He's Doing'
With the unemployment rate low and inflation above the Fed's 2% target, U.S. central bank officials have been reluctant to ...
CNBCTV184d
US Treasury Secretary Scott Bessent suggests Fed Chair Jerome Powell should leave board in May 2026
Powell has repeatedly declined to answer questions on whether he might stay on as a governor. That reticence has complicated ...
Treasury Secretary Scott Bessent says don't read too much into one month's inflation data
Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's ...
Bessent: ‘Formal process’ underway to pick Powell successor
Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has ...
Bessent an option to replace Fed chair, ‘but I like the job he’s doing’, says Trump
Mr Trump has repeatedly urged current US Federal Reserve Chairman Jerome Powell to resign. Read more at straitstimes.com.
Powell Asks Fed IG To Probe Renovation Project Amid Relentless Trump Attacks
Treasury Secretary Scott Bessent claimed the president is "not looking to fire" Powell, but noted that the search for his ...