Tag Archives: Jerome

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’ The search for the next leader of the world’s most influential central bank is officially under way, Treasury Secretary Scott Bessent told Bloomberg on Tuesday. “There’s a formal process that’s already starting,” he said when asked about efforts to find Jerome Powell’s …

Here’s how Trump’s feud with Fed Chair Jerome Powell escalated  Axios Contenders to succeed Powell slam Fed chair as White House pressure intensifies  Yahoo Finance Trump again slams ‘stupid’ US Fed chairman over interest rate levels  Al Jazeera Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project  CNBC Fed Defends Renovations as White House Widens Attacks on Central Bank  The …

A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC. Bill Pulte, the chair of US government-backed mortgage lenders Fannie Mae and Freddie Mac, posted on X that he …