Trump, Fed and Powell
Digest more
Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.
In a bold and unusually direct speech to close out last week, Fed Governor Christopher Waller laid out the case for an immediate rate cut. He made it clear that he’s prepared to vote for it before the end of the month, even if others aren’t.
Donald Trump is reportedly fuming over a Wall Street Journal report claiming Treasury Secretary Scott Bessent talked him out of firing Fed Chair Jerome Powell. While Trump dismissed the account, CNBC’s Andrew Ross Sorkin says a new strategy may be emerging: naming a “shadow Fed chair” ahead of Powell’s term ending in May.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
Explore more
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
President Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
5hon MSN
Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.