Bessent says there's no reason for Fed chair to resign
Digest more
US-Finanzminister Scott Bessent fordert eine Überprüfung der Entscheidung, Teile der Zentrale der US-Notenbank in Washington zu renovieren. In einem Beitrag auf X schrieb er: “Auch wenn ich weder Kenntnis noch Meinung zur rechtlichen Grundlage der massiven Gebäuderenovierungen in der Constitution Avenue habe,
Treasury Secretary Scott Bessent has called for a full review of the Federal Reserve's operations amid rising tensions between the Trump administration and the central bank. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,
President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”
Donald Trump has repeatedly criticized Jerome Powell for not cutting interest rates, and he escalated his attacks on the Fed chair last week.
Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term if he wants. “If he wants to see that through, I think he should. If he wants to leave early,
Changing the way the Federal Reserve operates or assesses the economy may have a more durable impact on policy and markets than firing the Fed boss.