News

Trump: Bessent an option to replace Fed chair, 'but I like the job he's doing'
President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent could be a candidate to replace Federal Reserve ...
Investors seek protection from risk of Fed chief's ouster
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to ...
Donald Trump's 'formal process' to replace Fed boss Jerome Powell already underway
President Trump, left, has accused Fed boss Powell, right, of being too slow to cut interest rates and this week described him as a 'knucklehead'.
Why Trump’s Fight Over the Fed’s HQ Renovation Matters
Analysts say the latest dust-up between President Donald Trump and Fed Chair Jerome Powell may be more than meets the eye and that markets may not be concerned enough about the situation.
Bessent: ‘Formal process’ underway to pick Powell successor
Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has started, ahead of Chair Jerome Powell’s term ending in 2026 and amid growing ...
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. “Traditionally, the Fed chair also steps down as a governor." ...