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Jerome Powell, Scott Bessent and Federal Reserve

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.

Business Standard · 13m

Formal process to replace Fed Chair Powell underway: US Treasury Secy

US Treasury Secretary Scott Bessent says the search for Fed Chair Jerome Powell's successor is formally underway and suggests Powell should exit entirely in May 2026

Reuters · 1h

US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.

Powell asks for IG review

CNN on MSN · 18h

Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ongoing $2.5 billion renovation of the institution’s headquarters that has drawn fire from President Donald Trump and others,

Fox Business on MSN · 14h

Powell asks for IG review after Trump administration flags Fed's costly building renovation

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

Reuters on MSN · 18h

Fed's Powell asks for inspector general review of project criticized by Trump officials

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington,

Jerome Powell, Fed and Trump

AOL · 15m

Jerome Powell has more housing problems now, including the Fed's

The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.

MarketWatch on MSN · 15h

What Powell needs to do now to fend off Trump and keep the Fed independent

The Trump administration’s attacks on the Fed highlight the problems with the central bank’s discretionary moves. Remember ‘transitory’ inflation?

Fox Business · 1d

Trump says it would ‘be a great thing’ if Jerome Powell stepped down

President Trump spoke to reporters on Sunday and said he thought it would “be a great thing” if Jerome Powell stepped down from the Federal Reserve.

21hon MSN

Contenders to succeed Powell slam Fed chair as White House pressure intensifies

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank's ...

2don MSN

2 former Fed economists say Chair Jerome Powell is facing an epic conundrum

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is ...

1don MSN

Trump says Powell should resign immediately from Federal Reserve leadership position over economic missteps

President Trump criticized Jerome Powell as 'very bad for the country,' arguing the Fed should have lower interest rates ...

2don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

Can Jay Powell Make It Through the Weekend?

Is the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign.

Can Trump tap Bessent to head the Fed and the Treasury at the same time? Here’s what the law says.

Treasury Secretary Scott Bessent is among the contenders to head the Federal Reserve. Can President Donald Trump have him do ...

Next Fed leader may struggle to deliver the rate cuts Trump wants, watchers say

Some investors have staked out positions in futures markets that will profit if interest rates drop immediately after Jerome ...

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