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Jerome Powell, Bessent

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.

The Hill on MSN · 2h

Bessent: ‘Formal process’ underway to pick Powell successor

Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has started, ahead of Chair Jerome Powell’s term ending in 2026 and amid growing pressure from the White House for him to step aside early.

Reuters on MSN · 6h

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

Fox Business on MSN · 19h

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.

CNN on MSN · 1d

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,

Reuters · 1d

Hassett says White House probing Fed renovation costs, authority to fire Powell

Hassett told ABC's "This Week" program that any decision by Trump to try to fire Powell over what the Trump administration calls a $700 million cost overrun "is going to depend a lot on the answers that we get to the questions that Russ Vought sent to the Fed.

Fed, Powell and rates

USA TODAY on MSN · 19h

Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'

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?

Fox Business on MSN · 23h

Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%

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%.

Axios on MSN · 7h

How the Fed sets rates — and why Powell can't move rates alone

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step closer to trying to oust the head of the Fed. Why it matters: Trump wants Powell to cut interest rates,

Trump, Jerome Powell

HuffPost · 1d

Trump Adviser Says This Is How The President Could 'Certainly' Fire Powell

“The President is extremely troubled by your management of the Federal Reserve System,” Vought said. “Instead of attempting to right the Fed’s fiscal ship, you have plowed ahead with an ostentatious overhaul of your Washington D.C. headquarters.”

CNN · 6h

Trump is going after Jay Powell. It’ll probably just make things worse

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.

MarketWatch · 6h

Bessent says Trump won’t fire Powell

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. “As President Trump said, he’s not looking to fire chair Powell,” Bessent said,

2hon MSN

Market Voices: Bessent on China, Powell; Uber-Baidu robotaxis; Zeekr

Treasury Secretary Scott Bessent called for Federal Reserve Chairman Jerome Powell to resign as a Fed governor when his ...

19hon MSN

Fed's Powell asks watchdog to take fresh look at renovation project, Politico reports

U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project ...

23hon MSN

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank's building ...

Powell Q3 Preview: Strength In Key Segments Should Help Its Performance

Discover why Powell Industries (POWL) is poised for growth with AI demand, energy projects, and a $1.3B backlog.

The moment Olivia Rodrigo guitarist Arianna Powell found out she’d be playing with a Cure legend

Smith had some words of wisdom for Rodrigo’s band ahead of his surprise guest spot at one of the most star-studded music ...

Why Trump removing Powell is the market's most underestimated risk

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event ...

JPMorgan's Dimon warns against 'playing around with the Fed' as Powell pressure mounts

JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that ...

5hOpinion

Robert Powell is right: we must resist the scourge of e-bikes

Poor Robert Powell. You’d think after playing Jesus of Nazareth so brilliantly all those years ago he’d be entitled to a ...

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Jerome Powell, Bessent

Powell asks for IG review

Fed, Powell and rates

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