Trump says he’s chosen next Fed chair
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President Donald Trump on Wednesday suggested he would fire Treasury Secretary Scott Bessent if the Federal Reserve doesn’t decrease interest rates.
Governor Christopher Waller discussed his meeting with Treasury Secretary Scott Bessent as speculation grows about his potential Fed chair appointment.
The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term expires in May.
6don MSNOpinion
Scott Bessent wants the era of Fed-watching to end: They should ‘move back into the background’ and make fewer speeches, he says
The Fed didn't want to get embroiled in politics in 2025—or ever. But Bessent wants them even further out of the public eye.
Treasury Secretary Scott Bessent completes Fed chair interviews, narrowing candidates to a shortlist for President Donald Trump's review. The decision is expected by Christmas.
Bessent is nearing the end of selecting candidates to recommend to President Donald Trump to replace Powell, whose term expires in May.
California Governor Gavin Newsom has offered up a biting “translation” of President Donald Trump’s off-the-rails rant about the economy. Speaking for more than an hour at a U.S.-Saudi investment forum at the Kennedy Center on Wednesday,