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Trump pushes to reshape the Fed with early search for Powell's successor
Trump launches an early search for a new Fed Chair to align monetary policy with his agenda, floating the idea of a ‘shadow ...
Treasury's Bessent thinks Fed's view of tariffs on inflation is 'off'
Tariffs won't fuel inflation, Treasury Secretary Scott Bessent said on Wednesday in a broadcast interview, adding that he ...
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.
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Search for Jerome Powell’s Successor Underway, Says Scott Bessent
TLDR The formal process to find a replacement for Jerome Powell as Federal Reserve Chair has officially started. Treasury Secretary Scott Bessent confirmed that the White House is actively reviewing ...
Podcast: Stock Indexes Close Mixed Amid New Trade Deal
President Trump announced a new trade deal with Indonesia, while Treasury Secretary Scott Bessent said the formal search for Fed Chair Jerome Powell’s successor has begun. Plus: Nvidia shares rose ...