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Powell, Scott Bessent and Formal Process

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.

Reuters · 1h

US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.

Bloomberg L.P. · 1h

Bessent: ‘Formal Process’ for Powell Successor Already Starting

US Treasury Secretary Scott Bessent said a “formal process” to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, “I think it’d be very confusing for the market for a former Fed chair to stay on” after his term ends.

Fed, Jerome Powell and Trump

Reuters on MSN · 13h

Fed's Powell asks for watchdog review of project criticized by Trump officials

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington,

Fox Business on MSN · 18h

Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%

President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.

CNN on MSN · 19h

Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ongoing $2.5 billion renovation of the institution’s headquarters that has drawn fire from President Donald Trump and others,

21hon MSN

Contenders to succeed Powell slam Fed chair as White House pressure intensifies

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank's ...

22hon MSN

If Trump fires the Fed’s Powell, ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would ...

2don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

1don MSN

Trump Is Considering a ‘Shadow Fed.’ Here’s Why That's Risky

President Donald Trump has signaled he’s already looking to replace Federal Reserve Chair Jerome Powell far earlier than usual. Here’s how a so-called ‘shadow’ Fed would work, and why it could cause ...

Trump Adviser Says This Is How The President Could 'Certainly' Fire Powell

Powell has been repeatedly criticized by the president over the U.S. central bank’s resistance to cut interest rates despite ...

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