US Edition"Frozen At The Wheel": Bessent Slams Fed For Delay On Rate Decisions In Wide-Ranging Interview
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.4 Articles
4 Articles
Bessent calls Fed’s 2022 move a failure
A replacement for Fed Chair Jerome Powell is on the way, and it’s coming sooner than expected. Scott Bessent, speaking in an interview with Bloomberg, said the Trump administration will begin working on naming a successor “over the coming weeks and months.” He confirmed that a 14-year seat opens in January, and that seat could go to someone who’ll eventually take Powell’s place when his term ends in May 2026. “We could appoint the new chair in …
CoinStats - Bessent calls Fed’s 2022 move a failure...
A replacement for Fed Chair Jerome Powell is on the way, and it’s coming sooner than expected. Scott Bessent, speaking in an interview with Bloomberg, said the Trump administration will begin working on naming a successor “over the coming weeks and months.” He confirmed that a 14-year seat opens in January, and that seat could go to someone who’ll eventually take Powell’s place when his term ends in May 2026. “We could appoint the new chair in …
At the time, the U.S. BBC began to raise interest rates to combat inflation
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