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Powell, Scott Bessent and Formal Process

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.

Reuters · 2h

US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.

Bloomberg L.P. · 2h

Bessent: ‘Formal Process’ for Powell Successor Already Starting

US Treasury Secretary Scott Bessent said a “formal process” to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, “I think it’d be very confusing for the market for a former Fed chair to stay on” after his term ends.

Fed Chair Powell's finally fighting back

USA TODAY on MSN · 15h

Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'

The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?

Fox Business on MSN · 19h

Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%

President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.

Associated Press News on MSN · 21h

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious."

14hon MSN

Fed's Powell asks for watchdog review of project criticized by Trump officials

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector ...

3don MSN

Trump official criticizes Fed chief Jerome Powell for "ostentatious" office renovations, as Trump takes aim over interest rates

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as ...

23h

Why Trump removing Powell is the market's most underestimated risk

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event ...

2don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

1don MSN

Trump Is Considering a ‘Shadow Fed.’ Here’s Why That's Risky

President Donald Trump has signaled he’s already looking to replace Federal Reserve Chair Jerome Powell far earlier than usual. Here’s how a so-called ‘shadow’ Fed would work, and why it could cause ...

Trump Adviser Says This Is How The President Could 'Certainly' Fire Powell

Powell has been repeatedly criticized by the president over the U.S. central bank’s resistance to cut interest rates despite ...

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