Jerome Powell, Scott Bessent
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Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. “As President Trump said, he’s not looking to fire chair Powell,” Bessent said, in an interview with Bloomberg Television.
President Trump on Wednesday told reporters that Jerome Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters 'sort of is' a fireable offense, raising new questions about whether he may seek to oust the central bank boss.
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump looks to replace the central bank chief as soon as possible. Asked if
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.
Treasury Secretary Scott Bessent claimed the president is "not looking to fire" Powell, but noted that the search for his replacement is already underway.
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