Trump vs Powell: Scott Bessent softens tone; suggests Fed chief 'shouldn’t step down right now’

US Treasury Secretary Scott Bessent stated that Federal Reserve Chair Jerome Powell need not resign. This statement comes after Bessent called for a review of the Fed's operations. Bessent believes Powell should complete his term, ending in May 2026. His comments follow pressure from President Donald Trump's administration to lower interest rates. Michelle Bowman defended the Fed's independence.

from World News, Today World News, Latest International News, World Breaking News, Trending News of World - Times of India https://ift.tt/JdDN0ci

Comments

Post a Comment

Popular posts from this blog

Mitch McConnell only Republican to vote against Trump's director of national intelligence Tulsi Gabbard

Image
Former Senate Republican leader Mitch McConnell was the only Republican to vote against Tulsi Gabbard's confirmation as director of national intelligence, citing her stance on Edward Snowden. Despite his 'no' vote, Gabbard was confirmed in a 52-48 vote. McConnell's decision faced backlash from Republicans, with some calling for his removal from the Senate. from World News Today, Trending World News, Latest International News, World Breaking News - Times of India https://ift.tt/YdXOrNt
Read more