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Scott Bessent, Federal Reserve and Treasury Secretary

Bessent calls for internal review of Fed but doesn't think Powell needs to step down

Treasury Secretary Scott Bessent is taking aim at both the Federal Reserve and the rules the Fed enforces as a supervisor of big banks but making it clear he doesn't think Fed chair Jerome Powell needs to step down immediately.

NBC News · 19h

Treasury Secretary Scott Bessent calls for a review of 'the entire' Federal Reserve

Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function.

Yahoo · 6h

Treasury Secretary Scott Bessent calls for thorough review of Federal Reserve: 'Why has this happened?'

Center for Renewing America CEO Eric Teetsel weighs in on the Trump administration's intensifying conflict with the Federal Reserve and their upcoming court battle against Harvard University.

Donald Trump, Powell and Fed chair

ABC News on MSN · 2h

Trump admin live updates: Bessent says there's no reason for Fed chair to resign

President Donald Trump will hold events with the president of the Philippines at the White House and then have a reception with Republican lawmakers on Tuesday.The president also continues to face backlash from his MAGA supporters over his administration's handling of files related to the investigation into Jeffrey Epstein.

LIVE

The Washington Post on MSN · 6h

Live updates: Trump signals he’ll let Powell serve out his term as Federal Reserve chair

Bessent says Powell has no reason to step down early as Fed chair Treasury Secretary Scott Bessent said Tuesday that Federal Reserve Chair Jerome H. Powell has no obligation to resign before his term ends next spring,

MSNBC · 1d

A ‘shadow Fed chair’? How Trump could pressure the Fed without firing Powell

Donald Trump is reportedly fuming over a Wall Street Journal report claiming Treasury Secretary Scott Bessent talked him out of firing Fed Chair Jerome Powell. While Trump dismissed the account, CNBC’s Andrew Ross Sorkin says a new strategy may be emerging: naming a “shadow Fed chair” ahead of Powell’s term ending in May.

2hon MSN

Summers Says Bessent Right to Question Fed on Its ‘Overreach’

Lawrence Summers backed Treasury Secretary Scott Bessent’s questioning of the Federal Reserve’s non-monetary policy ...

4hon MSN

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 ...

9mon 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 ...

1don MSN

Treasury Secretary Bessent bashes Fed 'fear mongering' over tariffs and says central bank should be reviewed

US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and ...

11h

Fed reform may move markets more than Powell ouster

Changing the way the Federal Reserve operates or assesses the economy may have a more durable impact on policy and markets ...

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 if he wants. “If he wants to see that through, I think he should. If he ...

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