U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is ...

Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: ...

Ahead of US Fed Chair Jerome Powell’s scheduled speech, Treasury Secretary Scott Bessent has called for a comprehensive ...

Two of President Donald Trump's contenders to succeed Chair Jerome Powell are increasing their alignment with the president ...

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

On July 29-30, the Federal Open Market Committee will announce its interest rate policy. Read about the rumors that Fed Chair ...

Nobel laureate Paul Krugman, a distinguished professor at the City University of New York, says President Donald Trump's call ...

US Treasury Secretary Scott Bessent said a "formal process" to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, "I think it'd be very ...

As speculation swirled Wednesday that President Trump might fire Federal Reserve Chair Jerome Powell, investors scrambled to ...

Bitcoin's 5% correction from all-time highs comes as sticky inflation and talk of Fed Chair Jerome Powell's replacement ...

A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any ...

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