An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.

It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending ...

Treasury Secretary Scott Bessent criticized leakers in response to a Wall Street Journal story that said he personally sought to talk President Trump out of trying to fire Federal Reserve Chair ...

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.

Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next ...

Without independence, the Fed couldn’t be trusted to give priority to low inflation over the president’s other priorities.

"It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying," Powell said in 2019.

President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor ...