Federal Reserve, Scott Bessent
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Fed, Bessent and Trump
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Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down. “There’s nothing that tells me that he should step down right now,
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
1don MSN
Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.
22hon MSN
CNBC Daily Open: Investors dismiss Trump administration's beef with the Fed — S&P 500 hits new high
The S&P 500's record close comes despite the Trump administration's beef with threats on the Fed and its use of tariffs as a bargaining tool.