US treasury secretary Scott Bessent (Image credits: AP) US President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Chair of the Federal Reserve, after Bessent expressed his desire to remain in his current role.“I love Scott, but he wants to stay where he is,” […]
US President Donald Trump has never concealed his mounting disdain for Federal Reserve Chairman Jerome Powell, but his latest remark earlier last month drew attention, as he expressed surprise over Powell’s “appointment”, seemingly forgetting that he was the one who originally appointed him to the role in 2018.“I was surprised he was appointed,” Trump said […]
US President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, signalling that he might remove him from the role if re-elected. Trump has long criticised Powell over interest rate hikes and now claims the top central banker is obstructing economic growth. Who is Jerome Powell? Why does Trump want him […]
Donald Trump says he won’t fire Fed chair Jerome Powell (File photo) US President Donald Trump announced on Sunday that he will not remove Jerome Powell as Federal Reserve board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower […]
US president Donald Trump on Tuesday said he does not plan to remove Federal Reserve Chair Jerome Powell, even as he renewed his call for the central bank to lower interest rates. Speaking at a White House event, Trump tried to ease market concerns sparked by speculation about Powell’s future. “I have no intention of […]
US President Donald Trump and his administration will “continue to study,” whether it’s possible to remove Federal Reserve chief Jerome Powell, his top White House advisor said on Friday.“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters, when questioned about the possibility of Powell’s termination, […]
US Federal Reserve Chair Jerome Powell (AP photo) The White House is preparing to begin interviews for a new Federal Reserve Chair this autumn, as Jerome Powell, a Biden appointee’s term ends in May 2026. Treasury secretary Scott Bessent confirmed to Bloomberg the timeline during a visit to Argentina, saying it gives the Trump administration […]
‘Stop playing politics!’: Donald Trump urges Fed Chair Jerome Powell to slash rates (Picture credit: AP) US President Donald Trump on Friday called on Federal Reserve Chair Jerome Powell to cut interest rates immediately, even as the central bank faces mounting pressure over inflation concerns triggered by his administration’s sweeping new tariffs.“This would be a […]
