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Business

“Formal process” underway to name Fed Chair successor, Bessent says

President Donald Trump said Federal Reserve Chairman Jerome Powell should resign “immediately.” Treasury Secretary Scott Bessent said Tuesday that the administration has begun a “formal process” to name Federal Reserve Chairman Jerome Powell’s successor. “There are a lot of great candidates, and we’ll see how rapidly it progresses,” Bessent said …

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Trump renews criticism of Fed Chair Powell over interest rates

President Donald Trump slams Federal Reserve Chairman Jerome Powell over interest rates. President Donald Trump on Monday slammed Federal Reserve Chairman Jerome Powell over his decision not to lower interest rates. “We have a bad Fed chairman, really bad,” Trump said at the White House. “If he would lower the …

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