News

Trump administration not in a rush to replace Powell, Treasury chief Bessent says
U.S. Treasury Secretary Scott Bessent on Wednesday told Bloomberg TV in an interview that the Trump administration was not in ...
10-year Treasury yield ticks higher after Bessent reassures market over Powell's position
Treasury yields were broadly higher as traders turn their attention to the Federal Reserve’s monetary policy meeting next ...
Bessent Says Powell Should Finish Out Term if He Wants
Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term ...
Powell calls for 'safe, sound' U.S. bank system as Bessent shows vague support
U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury ...
Bessent calls for internal review of Fed but doesn't think Powell needs to step down
Treasury Secretary Scott Bessent is taking aim at the Federal Reserve and the rules the Fed enforces as a supervisor of big ...
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 ...
Market Voices: Bessent on Powell's future, China; GM on EVs
Seeking Alpha's daily roundup of statements, announcements and remarks that could impact markets, sectors or individual ...
Amid calls for Powell’s ouster, Bessent says Fed chief should serve out his term
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, ...
Why Bessent is now saying Powell doesn’t need to resign from Fed
In the battle over the future of Federal Reserve Chair Jerome Powell, Treasury Secretary Scott Bessent appears to be focused ...
Bessent Sees No Reason for Powell to Step Down From Fed Now
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, ...
Trump vs Jerome Powell: Scott Bessent softens tone; suggests Fed chief 'shouldn’t step down right now’
US Treasury Secretary Scott Bessent stated that Federal Reserve Chair Jerome Powell need not resign. This statement comes ...
Trump backs off on Powell threats — for now
President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. The president appeared to reach a breaking point with Powell last week when he told Republican ...