US EditionTrump Administration Eyes New Fed Chair Amid Economic Turbulence
9 Articles
9 Articles
Trump Admin to Begin Search for New Fed Chair This Fall, Bessent Says
The Trump administration plans to begin working on a replacement for Federal Reserve Chair Jerome Powell this fall, Treasury Secretary Scott Bessent said. In an interview with CNBC that aired on July 3, Bessent confirmed that President Donald Trump is looking at replacing the head of the central bank. “We will start working on that in the fall,” Bessent said. “We’ve been busy. The president’s been doing peace deals, trade deals, tax deals, and w…
Bessent: Trump to Focus on Fed Chair Replacement in the Fall
Trump Administration Eyes New Fed Chair Amid Economic Turbulence
The Trump administration is focusing on selecting a new Federal Reserve Chair to replace Jerome Powell. U.S. Treasury Secretary Scott Bessent mentioned potential candidates, while President Trump remains critical of Powell's interest rate policies. The administration argues that tariffs haven't significantly affected inflation or economic growth.
Powell silence on his future complicates Trump Fed chair search
As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell will leave the US central bank next year.
The director of the Federal Reserve has repeatedly refused to say whether he will resign when he expires his four-year term as president in May, or whether he will remain on the board of the monetary authority. Read more
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