Jerome Powell, Scott Bessent
Digest more
Fed, Powell
Digest more
Treasury Secretary Scott Bessent called for Federal Reserve Chairman Jerome Powell to resign as a Fed governor when his chairmanship's term ends in May 2026. Powell governor's term expires in January 2028.
The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?
President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
Explore more
Bitcoin tops $120K as markets prepare for inflation data and a Powell ouster, with analysts warning of a modern-day 'Nixon shock' that could shake global confidence.
President Donald Trump and his allies have seized upon a new way to criticize the head of the US central bank: his handling of an expensive renovation of the Federal Reserve’s headquarters.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?
The president slapped 30% tariffs on two of America’s biggest trading partners and went on TV to fume about the head of the Federal Reserve.
Discover why Powell Industries (POWL) is poised for growth with AI demand, energy projects, and a $1.3B backlog.