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The Business Times1d
Bessent suggests Powell should leave Federal Reserve board in May
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.
Treasury Secretary Scott Bessent says don't read too much into one month's inflation data
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.
Market Voices: Bessent on China, Powell; Uber-Baidu robotaxis; Zeekr
Seeking Alpha's daily roundup of statements, announcements and remarks that could move markets, sectors or individual stocks. Read more here.
Powell Asks Fed IG To Probe Renovation Project Amid Relentless Trump Attacks
Treasury Secretary Scott Bessent claimed the president is "not looking to fire" Powell, but noted that the search for his replacement is already underway.
Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair
Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.
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