Fed, Scott Bessent and Jerome Powell
Digest more
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.
The senator knocked the FHFA chief over voluminous social posting. Meanwhile, the Fed published a video tour of its renovations, and Treasury Secretary Scott Bessent expounded on his recent comments.
President Trump has reiterated his criticism of Federal Reserve Chairman Jerome Powell at a White House event. Market Catalysts host Julie Hyman breaks down the details. To watch more expert insights and analysis on the latest market action,
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off this week. President Trump has been threatening to fire Powell while
7don MSN
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure for the top central banker to step aside before his term ends.
Donald Trump has been bullying Federal Reserve Chair Jerome Powell—calling him “too late,” insulting his intelligence, and trying to gin up a case that Powell spent too much on renovations of the agency’s headquarters as a pretext for firing him.