US Treasury Secretary Scott Bessent stated that Federal Reserve Chair Jerome Powell need not resign. This statement comes ...

US Treasury Secretary Scott Bessent says there needs to be an examination of the “ entire Federal Reserve institution and ...

Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump ...

The Treasury chief on Monday called for an internal review of the Fed's non-monetary activities, including the renovation ...

Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve after getting caught in the ...

The US Treasury secretary said the country’s central bank should be reviewed, citing what he called “fearmongering over ...

Bessent noted that Powell's term as Fed chair ends in May 2026, and that he should see out his full term if he wants to.

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor." ...

However, Powell’s term as Fed governor is till January 2028, allowing him to legally be a part of monetary policy decisions ...

WASHINGTON – U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a ...

The US Treasury secretary expects tariffs and growth to boost government revenue, while banks and monetary innovation keep ...

Secretary says regulators should consider scrapping a dual capital requirement structure for banks proposed during the Biden ...