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Jerome Powell, Scott Bessent

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.

Fortune on MSN · 1h

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."

Reuters · 3h

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.

Chair Powell seeks watchdog review of Fed building overhaul

Fox Business on MSN · 16h

Powell asks for IG review after Trump administration flags Fed's costly building renovation

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

CNN on MSN · 21h

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,

The Associated Press on MSN · 23h

Under Fire by Trump Over Costs, Chair Powell Seeks Watchdog Review of Fed Building Overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious."

Jerome Powell, Federal Reserve and Trump

CCN on MSN · 29m

Scott Bessent Confirms Quest for Jerome Powell’s Replacement Has Begun — Who Will Inherit the Federal Reserve?

Jerome Powell has been the Federal Reserve Chair since February 2018. Trump nominated Powell in 2017, but now calls for him to resign. Bessent is

Fox Business · 23h

Trump ally questions Jerome Powell's leadership at Federal Reserve: 'Do your job'

Calif., discusses whether Fed Chair Jerome Powell should be fired on 'Varney & Co.'

NBC News on MSN · 1d

Economic council head says Trump’s ability to fire Fed’s Powell is ‘being looked into’

National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair Jerome Powell was “being looked into.”Asked in an interview on ABC News’ “This Week” whether he believes President Donald Trump has the authority to fire Powell,

16hon MSN

Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'

The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work?

Jerome Powell has more housing problems now, including the Fed's

The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.

23hon 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 ...

20hon MSN

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" ...

3hon MSN

Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul

US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to ...

20h

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower ...

2don MSN

2 former Fed economists say Chair Jerome Powell is facing an epic conundrum

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is ...

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 ...

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