News

Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both

WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation ...

Trump confirms Scott Bessent won't replace Powell as Fed chair amid rising tensions with central bank

Treasury Secretary Scott Bessent tells President Donald Trump he wants to stay in his role rather than pursue Fed chair role ...

Bessent won’t replace Powell as Fed chair, Trump says: ‘I love Scott, but he wants to stay where he is’

The Treasury secretary has said he has “the best job in Washington,” although he has often been floated as a name for the top ...

Trump Says Treasury’s Bessent Rules Out Replacing Powell at Fed

With Treasury Secretary Scott Bessent not in the running, President Trump said that he has narrowed his list of replacements ...

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short-term interest rates should be between 1.5 percentage points and 1.75 percentage points lower than their current level, keeping up the ...
Bloomberg on MSN4d

Bessent Says Powell Could Be Replaced by Someone From the Private-Sector

US Treasury Secretary Scott Bessent says there are 10 or 11 candidates under consideration to succeed Jerome Powell when his term as Federal Reserve Chair ends in May. He says both current Fed ...

Bessent says new Fed chair should be someone who can examine organization, Nikkei reports

U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole ...