US EditionBessent: Trump ‘Not Going to Fire’ Powell
UNITED STATES, JUL 23 – Treasury Secretary Scott Bessent says the Trump administration will not rush to replace Fed Chair Jerome Powell despite the president's criticism and calls for resignation.
- U.S. Treasury Secretary Scott Bessent stated that the Trump administration is not in a hurry to nominate a new Federal Reserve Chair to replace Jerome Powell, whose term ends in May 2026.
- Bessent emphasized that President Donald Trump has expressed a desire for Powell to resign but clarified that Trump will not fire him.
- Bessent commented that it would be beneficial for both the institution and Powell personally if he stepped down.
- Bessent dismissed questions about Trump's stance against Powell, emphasizing that Trump will not fire Powell.
22 Articles
22 Articles
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CNN’s Kaitlan Collins asked President Donald Trump if he still believes Federal Reserve Chairman Jerome Powell is a moron. Trump has repeatedly criticized Powell, who has resisted the president’s calls to lower interest rates. Powell’s term expires in May, though Trump has reportedly entertained the idea of trying to fire the Fed chair. The president has denied this. On Tuesday, Trump called Powell a “numbskull.” “Our economy is so strong now, b…
Bessent: Trump ‘not going to fire’ Powell
Treasury Secretary Scott Bessent insisted Wednesday that President Trump isn’t going to fire Federal Reserve Chair Jerome Powell, but suggested the pressure on the Fed to lower interest rates will continue. Bessent was asked on MSNBC’s “Morning Joe” if the president should say he will let Powell finish his term to give certainty to the…
Trump lashes out moments after White House insider vows Jerome Powell won't be fired
President Donald Trump lashed out at Fed Chair Jerome Powell on Truth Social Wednesday moments after Treasury Secretary Scott Bessent appeared on MSNBC to claim Powell's job is safe.Morning Joe host Jonathan Lemire asked Bessent, "Should the president just simply say, 'I'm going to let the Fed Chair...
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