Daily Caller

SEN TOMMY TUBERVILLE: The Fed Has Gone Rogue — Fire Jerome Powell

Axios

Scoop: Powell requests IG review on $2.5 billion renovation amid Trump pressure

Breitbart

Bessent: The Fed Is Like Universal Basic Income for Academic Economists

CNBC

Treasury Secretary Bessent calls for a review of 'the entire' Federal Reserve

Bessent: The Trump administration should look into the Feds many mistakes

Reuters

US Treasury's Bessent says Federal Reserve needs to be examined as an institution

Joe Biden

Jerome Powell

Metaculus

John Kerschner

Steve Wyett

Eric Roberts

Sean Snaith

Elyse Ausenbaugh

Sonu Varghese

Nigel Green

Ian Shepherdson

Morgan Stanley

Jan Hatzius

Christopher Waller

TD Securities

Scott Anderson

Kevin O'Leary

Paul Ashworth

Raphael Bostic

Jenny Johnson

Kristina Hooper

Caleb Silver

Peter Kinsella

Jay Woods

When Will the US Federal Reserve Drop Interest Rates?

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U.S. Treasury Secretary Scott Bessent on Monday called for a comprehensive examination of the Federal Reserve institution, questioning during an interview whether the central bank has been successful in its mission and accusing it of "fear-mongering" over tariff and inflation concerns.

BNN Bloomberg

U.S. Treasury Secretary Scott Bessent on Monday called for a comprehensive examination of the Federal Reserve institution, questioning during an interview whether the central bank has been successful in its mission and accusing it of "fear-mongering" over tariff and inflation concerns.

This comes after President Donald Trump denied reports that Bessent had convinced him not to fire Fed Chair Jerome Powell. The Wall Street Journal had reported Saturday that Bessent privately urged Trump against firing Powell, citing potential negative effects on the economy and markets.

Wall Street Journal

Truth Social

This comes after President Donald Trump denied reports that Bessent had convinced him not to fire Fed Chair Jerome Powell. The Wall Street Journal had reported Saturday that Bessent privately urged Trump against firing Powell, citing potential negative effects on the economy and markets.

The Trump administration has also criticized <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/fed-chair-powell-asks-inspector-general-to-review-b-renovation">a $2.5 billion renovation at the Fed's headquarters</a> that reportedly exceeded its budget by around $700 million. Office of Management and Budget Director Russ Vought accused Powell of mismanaging the renovation, while Powell defended the costs as necessary.

Washington Examiner

The Trump administration has also criticized a $2.5 billion renovation at the Fed's headquarters that reportedly exceeded its budget by around $700 million. Office of Management and Budget Director Russ Vought accused Powell of mismanaging the renovation, while Powell defended the costs as necessary.

Bessent argued that Trump's trade policies have produced little to no inflationary effect thus far, citing those predictions as "mistakes" from the Fed. He also questioned the effectiveness of Fed economists, stating that he doesn't "know what they do."

Washington Times

Business Insider

Bessent argued that Trump's trade policies have produced little to no inflationary effect thus far, citing those predictions as "mistakes" from the Fed. He also questioned the effectiveness of Fed economists, stating that he doesn't "know what they do."

Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028. Another governor seat becomes available in January. <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/trump-calls-for-powells-termination-over-interest-rate-stance">Trump has repeatedly criticized Powell</a> for the Fed's reluctance to cut interest rates.

Quartz

Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028. Another governor seat becomes available in January. Trump has repeatedly criticized Powell for the Fed's reluctance to cut interest rates.

Fed chairs can only be removed for "cause" under the Federal Reserve Act of 1913.

New York Times

Fed chairs can only be removed for "cause" under the Federal Reserve Act of 1913.

The Fed has lost its way and needs a complete overhaul. These academic economists are living in an ivory tower, fear-mongering about tariffs while ignoring the real economic data showing minimal inflation. The $2.5 billion renovation scandal proves Powell can't manage basic operations, let alone monetary policy. It's time for the Fed to start working for the American people.

The Fed has lost its way and needs a complete overhaul. These academic economists are living in an ivory tower, fear-mongering about tariffs while ignoring the real economic data showing minimal inflation. The $2.5 billion renovation scandal proves Powell can't manage basic operations, let alone monetary policy. It's time for the Fed to start working for the American people.

Daily Wire

Palace Of Versailles: Fed Chair Lied About $2.5B HQ Renovation, Senators Say

Republican narrative

Bessent is obviously making these remarks for an audience of one — Trump. Bessent knows it's unconstitutional for Trump to remove Powell, and there's no mechanism for performing a review of the Fed. Plus, Bessent should be the last person opining on Powell's fate, considering Bessent would be in consideration as Powell's replacement.

Bessent is obviously making these remarks for an audience of one — Trump. Bessent knows it's unconstitutional for Trump to remove Powell, and there's no mechanism for performing a review of the Fed. Plus, Bessent should be the last person opining on Powell's fate, considering Bessent would be in consideration as Powell's replacement.

The Hill

5409063 Trump Fed Chairman Ouster Threat

Democratic narrative

There's a 25% chance an attempt will be made to fire Jerome Powell before the end of his term, according to the Metaculus prediction community.

There's a 25% chance an attempt will be made to fire Jerome Powell before the end of his term, according to the Metaculus prediction community.

Bessent Calls for Review of Federal Reserve

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Bessent Calls for Review of Federal Reserve

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Republican narrative

Democratic narrative

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LEFT

RIGHT

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