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Treasury Secretary Scott Bessent says ‘formal process’ to find Jerome Powell’s successor has started
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome ...
Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
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." ...
Bessent, Warsh, Hassett are the leading contenders to get Fed chair job, CNBC survey finds
The CNBC Fed Survey found the leading contenders to succeed Jerome Powell as Fed Chair are Treasury Secretary Scott Bessent, ...
Bessent Says ‘No Rush’ to Choose Successor to Fed’s Powell
Treasury Secretary Scott Bessent said that there’s “no rush” to identify a successor to Federal Reserve Chair Jerome Powell, ...
Bessent: Trump ‘not going to fire’ Powell
Treasury Secretary Scott Bessent on Wednesday insisted that President Trump isn’t going to fire Federal Reserve Chair Jerome ...
Bessent says Powell doesn't need to resign but should conduct internal review
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump ...
Trump administration not in a rush to replace Powell, Treasury chief Bessent says
U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new ...
Scott Bessent backs Jerome Powell: 'There's nothing that tells me he should step down right now’
Amid tensions with the White House, Treasury Secretary Scott Bessent backed Fed Chair Jerome Powell, saying there's no need ...
Bessent Says Powell Should Finish Out Term if He Wants
Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term ...
Trump vs Jerome Powell: Scott Bessent softens tone; suggests Fed chief 'shouldn’t step down right now’
US Treasury Secretary Scott Bessent stated that Federal Reserve Chair Jerome Powell need not resign. This statement comes ...
Bessent Signals Powell Should Exit the Fed Board in May
US Treasury Secretary Scott Bessent suggested that Federal Reserve Chair Jerome Powell should step down from the central bank ...
Powell calls for 'safe, sound' U.S. bank system as Bessent shows vague support
U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury ...