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Bessent backs Fed independence on rates amid Trump criticism
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the ...
US Treasury Secretary Scott Bessent says no reason for Fed chair Jerome Powell to resign immediately
Bessent noted that Powell's term as Fed chair ends in May 2026, and that he should see out his full term if he wants to.
Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence
El-Erian, president of Queens’ College at Cambridge University, said he was aware that his view did not align with the Wall ...
Powell under siege as Fed conference kicks off
Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off ...
Ahead of Jerome Powell's speech, treasury secretary Bessent calls for review of ‘entire’ Federal Reserve
Ahead of US Fed Chair Jerome Powell’s scheduled speech, Treasury Secretary Scott Bessent has called for a comprehensive ...
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 ...
Treasury Secretary Bessent bashes Fed 'fear mongering' over tariffs and says central bank should be reviewed
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and ...
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.
Bessent Told Trump Not to Fire Powell, Report Says. Why His Reasons Could Boost Markets.
The President has repeatedly criticized Powell for not cutting interest rates, and he escalated his attacks on the Fed chair ...