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Scott Bessent backs Jerome Powell

Mint on MSN · 30m

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 for him to step down before his term ends in May. However, Bessent suggested Powell has a chance to cement his legacy by reforming the Fed’s non-monetary functions.

CNBC on MSN · 7h

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 administration.

Business Standard · 3h

Bessent sees no reason for Jerome Powell to step down from US Fed now

The Treasury chief on Monday called for an internal review of the Fed's non-monetary activities, including the renovation project

Bessent disses 'leakers'

Trump Flips Out Over WSJ Report Detailing 1 Piece Of Advice He Got From Scott Bessent

President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”

The Hill on MSN · 1d

Bessent disses ‘leakers’ after WSJ report on Powell advice

Treasury Secretary Scott Bessent criticized leakers in response to a Wall Street Journal story that said he personally sought to talk President Trump out of trying to fire Federal Reserve Chair Jerome Powell.

Trump denies another Journal report, this time on Powell, Bessent

President Trump responded angrily on Sunday to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell.

3hon MSN

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 ...

2hon MSN

Janet Yellen salutes Powell being ‘completely committed to the Fed’s independence’

Former Treasury Secretary Janet Yellen supported Federal Reserve Chairman Jerome Powell finishing his term, which is up in May 2026.

7don MSN

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 ...

7don MSN

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.

4h

Trump says Fed's Powell will be out in 8 months

U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight ...

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