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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.
Market Voices: Bessent on Powell's future, China; GM on EVs
Treasury Secretary Scott Bessent said that the Aug. 12 deadline for most U.S. and Chinese tariffs to take effect will likely be extended. "We’ll be working out what is likely an extension," Bessent told Fox Business on Tuesday,
US Treasury's Bessent calls for review of Fed non-monetary policy operations
U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its "mandate creep" into non-policy areas and he called on the U.S. central bank to conduct an exhaustive review of those operations.
Treasury Secretary Bessent bashes Fed 'fear mongering' over tariffs and says central bank should be reviewed
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
Summers Says Bessent Right to Question Fed on ‘Overreach’
Lawrence Summers backed Treasury Secretary Scott Bessent’s questioning of the Federal Reserve’s non-monetary policy activities, saying that there were some areas that are distinct from the broader issue of central bank independence.
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