Fed, Jerome Powell and Scott Bessent
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2hon MSN
President Trump appears to be inching closer to firing Jerome Powell as Federal Reserve chair, according to news reports and his own comments.
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, 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.
President Donald Trump publicly insults Federal Reserve Chair Jerome Powell, angry over unchanged interest rates.
Mr Trump has repeatedly urged current US Federal Reserve Chairman Jerome Powell to resign. Read more at straitstimes.com. Read more at straitstimes.com.