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The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.

The Trump administration has formally begun the search for a successor to Federal Reserve Chair Jerome Powell, whose term ...

Scott Bessent, before assuming his role as the Treasury Secretary, spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as ...

However, Powell’s term as Fed governor is till January 2028, allowing him to legally be a part of monetary policy decisions ...

Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has ...

U.S. President Donald Trump said on Tuesday (July 15) that Treasury Secretary Scott Bessent is an option to replace Federal ...

Scott Bessent is not going to be the next Federal Reserve chair. This came only hours after Scott himself said he’d be “happy ...

President Donald Trump said Scott Bessent was an option to replace Jerome Powell as head of the Federal Reserve, but ...

Mr Trump has repeatedly urged current US Federal Reserve Chairman Jerome Powell to resign. Read more at straitstimes.com.

In a recent statement, President Trump suggested Treasury Secretary Scott Bessent as a candidate to replace Federal Reserve ...