The Wall Street Journal

How Bessent Made the Case to Trump Against Firing Fed Chair Powell

washingtontimes.com

Scott Bessent Wants Full Review Federal Reserve Operations

Metaculus

The Hill

5409063 Trump Fed Chairman Ouster Threat

Daily Wire

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

Breitbart

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

Daily Sabah

US Treasury chief says 'entire' Federal Reserve needs to be examined

RTE.ie

Bessent says Fed needs to be examined as an institution

Bessent disses ‘leakers’ after WSJ report on Powell advice

CNBC

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

Quartz

Trump denies that Scott Bessent talked him out of firing Jerome Powell

Reuters

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

BNN Bloomberg

Us Treasurys Bessent Says Federal Reserve Needs To Be Examined As An Institution

Trump denies another Journal report, this time on Powell, Bessent

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

Business Insider

Treasury Secretary Bessent bashes Fed 'fear mongering' over tariffs and says central bank should be reviewed

Axios

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

Joe Biden

Jerome Powell

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?

<span>Reports emerged that Bessent privately advised President Trump against firing Fed Chair Jerome Powell, citing concerns about negative market effects, potential legal challenges, and the Fed's possible rate cuts later this year, though Trump denied needing such advice.</span

The Washington Examiner

Reports emerged that Bessent privately advised President Trump against firing Fed Chair Jerome Powell, citing concerns about negative market effects, potential legal challenges, and the Fed's possible rate cuts later this year, though Trump denied needing such advice.

<span>Trump has repeatedly criticized Powell for the Fed's reluctance to cut interest rates this year and has targeted a $2.5 billion renovation project at the Fed's Washington headquarters that exceeded its budget by approximately $700 million.</span

The WealthAdvisor

Trump has repeatedly criticized Powell for the Fed's reluctance to cut interest rates this year and has targeted a $2.5 billion renovation project at the Fed's Washington headquarters that exceeded its budget by approximately $700 million.

<span>Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028, while Fed Governor Adriana Kugler's term expires in January, potentially giving Trump appointment opportunities.</span

Powell's term as Fed chair ends in May 2026, though he would remain as a Fed governor through January 2028, while Fed Governor Adriana Kugler's term expires in January, potentially giving Trump appointment opportunities.

<span>The Trump administration has launched a pressure campaign over the Fed's building renovation costs, with Office of Management and Budget Director Russ Vought leading efforts that could potentially serve as grounds for a "for cause" removal of Powell.</span

The Trump administration has launched a pressure campaign over the Fed's building renovation costs, with Office of Management and Budget Director Russ Vought leading efforts that could potentially serve as grounds for a "for cause" removal of Powell.

<span>Bessent criticized Fed officials for what he called "fear-mongering over tariffs," arguing that inflation has remained low despite Trump's trade policies, while dismissing the expertise of Fed economists as "universal basic income for academic economists".</span

Bessent criticized Fed officials for what he called "fear-mongering over tariffs," arguing that inflation has remained low despite Trump's trade policies, while dismissing the expertise of Fed economists as "universal basic income for academic economists".

The Wall Street Journal #

washingtontimes.com #

Metaculus #

The Hill #

Daily Wire #

Breitbart #

Daily Sabah #

RTE.ie #

CNBC #

Quartz #

Reuters #

BNN Bloomberg #

CNN #

Business Insider #

Axios #

<h2></h2>

Scott Bessent calls for probe into ‘the entire Federal Reserve institution’

Finance

Money

Politics

United States of America

Firing Powell would create unnecessary market chaos and legal battles when his term ends naturally in May anyway. The Fed's independence is crucial for economic stability, and any attempt to remove the chair would face significant legal challenges while potentially crashing financial markets.

<span>Firing Powell would create unnecessary market chaos and legal battles when his term ends naturally in May anyway. The Fed's independence is crucial for economic stability, and any attempt to remove the chair would face significant legal challenges while potentially crashing financial markets.</span>

Bessent advised Trump against firing Powell: Report

Bessent Calls for Fed Review Amid Powell Firing Speculation

Bessent Calls for Fed Review Amid Powell Firing Speculation

Scott Bessent callsCalls for probeFed intoReview ‘theAmid entirePowell FederalFiring Reserve institution’Speculation

The Spin

The Controversies

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Bessent Calls for Fed Review Amid Powell Firing Speculation

Scott Bessent callsCalls for probeFed intoReview ‘theAmid entirePowell FederalFiring Reserve institution’Speculation

The Spin

The Controversies

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters