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Treasury Secretary Scott Bessent says Trump considered re-appointing Janet Yellen as Fed chair
4 Articles
4 Articles
Bessent says Trump Fed appointments will 'change the narrative' on monetary policy direction
U.S. Treasury Secretary Scott Bessent didn’t shy away from talking about Federal Reserve politics and an ongoing fiscal power shift during a recent interview on FOX Business’ "Kudlow.""The important thing to remember is, we have two seats. So, there's the seat for the chair, and then there will be another appointee joining, so we actually get two appointments and President Trump will have a majority of the board in D.C.," Bessent said on Tuesday…
Treasury Secretary Scott Bessent says Trump considered re-appointing Janet Yellen as Fed chair
President Trump has a “very open mind” about who should replace Federal Reserve Chairman Jerome Powell and he’s even considered Janet Yellen for the post, Treasury Secretary Scott Bessent revealed Tuesday.
The US Treasury Secretary has said how much interest rate cut he would like to see at the Fed's September meeting and criticized the central bank for its previous decision. Bessent is eager for Trump's own nominee to finally sit on the decision-making body.
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