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A ‘shadow Fed chair’? How Trump could pressure the Fed without firing Powell
Donald Trump is reportedly fuming over a Wall Street Journal report claiming Treasury Secretary Scott Bessent talked him out of firing Fed Chair Jerome Powell. While Trump dismissed the account, CNBC’s Andrew Ross Sorkin says a new strategy may be emerging: naming a “shadow Fed chair” ahead of Powell’s term ending in May.
Treasury Secretary Scott Bessent told the president in recent days that ousting Federal Reserve Chair Jerome Powell entailed ...
The President has repeatedly criticized Powell for not cutting interest rates, and he escalated his attacks on the Fed chair ...
Republican U.S. Representative Anna Paulina Luna made good on her threat last week to refer Federal Reserve Chairman Jerome ...
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next ...
The European Union remains the key wildcard. As the U.S.’s largest trading partner, the EU stands to lose the most from a ...
President Trump says no one needs to explain to him that firing Federal Reserve Chair Jerome Powell would be bad for the ...
The economy has been throwing up a lot of mixed signals and consumers are still very worried about high prices.
1hon MSN
Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told ...
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