News

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 ...

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 ...

US Treasury Secretary Scott Bessent says no reason for Fed chair Jerome Powell to resign immediately

Bessent noted that Powell's term as Fed chair ends in May 2026, and that he should see out his full term if he wants to.

US Treasury chief: No need for Fed's Powell to step down right now

There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said ...

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 ...

CNBC Daily Open: Investors look away from the Trump administration's call to relook the Fed

The S&P 500’s record close comes despite the Trump administration’s beef with the Federal Reserve and its use of tariffs as a ...

Trump Flips Out Over WSJ Report Detailing 1 Piece Of Advice He Got From Scott Bessent

President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged ...

Bessent Told Trump Not to Fire Powell, Report Says. Why His Reasons Could Boost Markets.

The President has repeatedly criticized Powell for not cutting interest rates, and he escalated his attacks on the Fed chair ...