WASHINGTON] US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026. Read more at The Business Times.

Mr Trump has repeatedly urged current US Federal Reserve Chairman Jerome Powell to resign. Read more at straitstimes.com. Read more at straitstimes.com.

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's about to be released -- he is entitled to early access --but said not to read too much into one month's number.

Other candidates under consideration include former Federal Reserve governor Kevin Warsh and top economic adviser Kevin Hassett.

Donald Trump's tariff threats and rising tensions between Washington and BRICS countries look set to overshadow this week's meeting of G20 finance chiefs in Durban, South Africa.