US Edition
Bessent: Trump ‘Not Going to Fire’ Powell
UNITED STATES, JUL 23 – Treasury Secretary Scott Bessent says no urgent need to replace Fed Chair Jerome Powell before his term ends in May 2026 amid ongoing discussions of potential candidates.
- U.S. Treasury Secretary Scott Bessent stated on Bloomberg TV that the Trump administration is not rushing to nominate a new Federal Reserve Chair to replace Jerome Powell, whose term ends in May 2026.
- Bessent affirmed that President Trump will not fire Powell despite his calls for Powell to resign, as Trump has said he is not going to fire him.
- Bessent mentioned he has regular meetings with Powell and believes it would be beneficial for Powell to leave his board seat before 2028.
- During an interview, Bessent dismissed the notion that Trump's opposition to Powell negatively impacts the economy, asserting that Trump has indicated he will not fire Powell.
17 Articles
17 Articles
Bessent: Trump ‘not going to fire’ Powell
Treasury Secretary Scott Bessent insisted Wednesday that President Trump isn’t going to fire Federal Reserve Chair Jerome Powell, but suggested the pressure on the Fed to lower interest rates will continue. Bessent was asked on MSNBC’s “Morning Joe” if the president should say he will let Powell finish his term to give certainty to the…
Trump lashes out moments after White House insider vows Jerome Powell won't be fired
President Donald Trump lashed out at Fed Chair Jerome Powell on Truth Social Wednesday moments after Treasury Secretary Scott Bessent appeared on MSNBC to claim Powell's job is safe.Morning Joe host Jonathan Lemire asked Bessent, "Should the president just simply say, 'I'm going to let the Fed Chair...
Treasury Secretary Scott Bessent Swats Down MSNBC Host Gotcha Questions On Fed Chair
Treasury Secretary Scott Bessent dismissed MSNBC host Jonathan Lemire’s negatively framed questions on Wednesday about President Donald Trump’s stance against Federal Reserve Chair Jerome Powell. Trump has called for Powell to resign from his role, but has also indicated that he would not fire him. Lemire asked Bessent questions on “Morning Joe,” suggesting Trump’s strong opposition to Powell is […] Treasury Secretary Scott Bessent Swats Down MS…
Bessent reiterates Trump doesn't plan to fire Fed. Chair Powell: 'He’s said that on numerous occasions'
Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.
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