Jerome Powell, Scott Bessent
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U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury Secretary Scott Bessent called Powell "good public servant" suggesting he finish his term.
U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell.
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.
Ahead of US Fed Chair Jerome Powell’s scheduled speech, Treasury Secretary Scott Bessent has called for a comprehensive review of the Federal Reserve. In an interview with CNBC, Bessent stated that there is a need to assess whether the Federal Reserve has been successful in fulfilling its mandate.
President Trump's trip to the Federal Reserve marks just the fourth time a president has visited the Fed, which operates as an independent agency.
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