News

What a Fed Chair Firing Could Mean for the Housing Market
Experts weigh in on how the housing market could react if Fed Chair Jerome Powell is dismissed, and they point to economic ...
Treasury Secretary Scott Bessent says ‘formal process’ to find Jerome Powell’s successor has started
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome ...
Treasury Secretary Scott Bessent says don't read too much into one month's inflation data
Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's ...
Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.
Trump: Bessent an Option to Replace Fed Chair, 'But I Like the Job He's Doing'
With the unemployment rate low and inflation above the Fed's 2% target, U.S. central bank officials have been reluctant to ...