Bessent breaks with Powell as Trump weighs next Fed chair
TL;DR
Treasury Secretary Scott Bessent shifts from his prior restraint to publicly criticizing Fed Chair Jerome Powell, signaling mounting political pressure on the Fed as Donald Trump weighs Powell’s successor and the direction of monetary policy.
Topics:businesseconomy#donald-trump#economy#federal-reserve-system#jerome-powell-government-figure#monetary-policy#scott-bessent-government-figure
- After months of restraint, treasury secretary joins attacks on Fed chief The Washington Post
- Treasury Secretary Scott Bessent Turns Up the Heat on Fed’s Jerome Powell - WSJ The Wall Street Journal
- Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake CNBC
- Bessent Attended a Supreme Court Argument. Now He’s Telling Powell Not To. The New York Times
- Scott Bessent says Fed is burning $100B a year with zero oversight. Is it hiding the truth? MSN
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