Trump Shreds Fed Chair Jerome Powell
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Treasury Secretary Scott Bessent said about finding a successor to Fed Chair Jerome Powell, whose term ends in May 2026: “There’s a formal process that’s already starting. There are a lot of great
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
US Treasury Secretary Scott Bessent says the search for Fed Chair Jerome Powell's successor is formally underway and suggests Powell should exit entirely in May 2026
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."
Amidst Trump administration pressure and speculation, Congresswoman Luna claims Federal Reserve Chair Jerome Powell's dismissal is imminent. Treasury
TLDR The formal process to find a replacement for Jerome Powell as Federal Reserve Chair has officially started. Treasury Secretary Scott Bessent confirmed that the White House is actively reviewing candidates for the position.