bessent federal reserve system

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Powell, Fed and Scott Bessent

Powell calls for 'safe, sound' U.S. bank system as Bessent shows vague support

U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury Secretary Scott Bessent called Powell "good public servant" suggesting he finish his term.

The Boston Globe · 7h

Amid calls for Powell’s ouster, Bessent says Fed chief should serve out his term

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down. “There’s nothing that tells me that he should step down right now,

U.S. News & World Report · 16h

US Treasury Chief: No Need for Fed's Powell to Step Down Right Now

There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary policy functions.

Bessent backs Fed independence on rates

CNN on MSN · 1d

Bessent: The Trump administration should look into the Fed’s ‘many mistakes’

Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.

MarketWatch on MSN · 9h

Bessent tries to show Trump ‘he can get what he wants’ at the Fed without causing market turmoil

“Bessent is trying to show Trump there is a path to get what he wants without unnecessary market turmoil,” said Stephen Myrow, managing partner at Beacon Policy Advisors. That path would involve allowing Powell to finish out his term as chair and stepping down from the Federal Reserve board once his chairmanship is up.

The Hill on MSN · 14h

Bessent backs Fed independence on rates amid Trump criticism

Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve after getting caught in the crossfire between President Trump and The Wall Street Journal. Bessent said

15hon MSN

Bessent says Powell doesn't need to resign but should conduct internal review

There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump ...

1don MSN

Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements

U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial ...

US Treasury Sec. Bessent calls for deeper bank regulatory reforms - Reuters

US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are ...

U.S. Treasury’s Bessent calls for deeper bank regulatory reforms

Secretary says regulators should consider scrapping a dual capital requirement structure for banks proposed during the Biden ...

1don MSN

Fed chair Jerome Powell to deliver speech tomorrow; 'resignation coming' says Federal Housing Director

President Donald Trump, some days back, reportedly wanted to fire Fed chair Jerome Powell, but did not go through with it.

The Hill7mon

Warren warns Trump Treasury pick not to interfere with Federal Reserve

Bessent is the founder and CEO of hedge fund Key Square Group, and he served as an economic adviser to Trump’s campaign. Powell was appointed to the Federal Reserve in 2017 by Trump.

1don MSN

Bessent eyes government review of Federal Reserve as Trump weighs firing Powell

An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.

13hon MSN

Summers Says Bessent Right to Question Fed on ‘Overreach’

Lawrence Summers backed Treasury Secretary Scott Bessent’s questioning of the Federal Reserve’s non-monetary policy activities, saying that there were some areas that are distinct from the broader ...

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