Trump told reporters last week that he had talks with Congress members of removing the Central Bank Chair, during which he ...

Jerome Powell Resignation before May could rattle markets, Bessent warns Trump, urging patience to avoid legal and political fallout risks.

Without independence, the Fed couldn’t be trusted to give priority to low inflation over the president’s other priorities.

Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.