Jerome Powell, Scott Bessent
Digest more
Trump denies plan to fire Fed chair Powell
Digest more
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.
Seeking Alpha's daily roundup of statements, announcements and remarks that could move markets, sectors or individual stocks. Read more here.
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.
The bond manager hasn’t adjusted its portfolio saying it seems unlikely the president will get his way.