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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 administration.
Trump says he had only a few people in mind to replace Powell, but Bessent now says it’s a ‘long list’
In the interview, Bessent again noted that Trump has said he is not going to fire Powell. The president reportedly openly mulled the idea of firing the Fed chair in a meeting with lawmakers last week, but afterwards told reporters such a move was unlikely, although he didn’t completely rule it out.
Bessent tamps down Powell threats
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Bessent: Trump ‘not going to fire’ Powell
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.
Market Voices: Bessent on Powell's future, China; GM on EVs
Seeking Alpha's daily roundup of statements, announcements and remarks that could impact markets, sectors or individual stocks. Read more here.
Bessent Told Trump Not to Fire Powell, Report Says. Why His Reasons Could Boost Markets.
Donald Trump has repeatedly criticized Jerome Powell for not cutting interest rates, and he escalated his attacks on the Fed chair last week.
What Powell is telling allies as Trump pressures him to resign
Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented,
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