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Trump Administration Eyes New Fed Chair Amid Economic Turbulence

Summary by Devdiscourse
The Trump administration is focusing on selecting a new Federal Reserve Chair to replace Jerome Powell. U.S. Treasury Secretary Scott Bessent mentioned potential candidates, while President Trump remains critical of Powell's interest rate policies. The administration argues that tariffs haven't significantly affected inflation or economic growth.

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The director of the Federal Reserve has repeatedly refused to say whether he will resign when he expires his four-year term as president in May, or whether he will remain on the board of the monetary authority. Read more

·Buenos Aires, Argentina
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The spokesman-Review broke the news in Spokane, United States on Thursday, July 3, 2025.
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