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Bessent says there's no reason for Fed chair to resign

Trump says Fed's Powell will be out in 8 months, calls him a 'numbskull'

U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday.

· 1h · on MSN

Why Bessent is now saying Powell doesn’t need to resign from Fed

LIVE

· 1h · on MSN

Trump admin live updates: Bessent says there's no reason for Fed chair to resign

· 1d

Trump’s big fiscal dominance play

President Donald Trump wants Federal Reserve Chair Jerome Powell to consider the cost of the government’s ballooning debt service payments when the central bank meets later this month.

· 3h

Powell calls for 'safe, sound' U.S. bank system as Bessent shows vague support

· 4h

White House Keeps Pressure on Powell Over Rate Cuts and Renovations

· 1d

Trump's Fed attacks puncture veneer of central bank independence

The index, in which 0 is no independence and 1 is total independence, shows the US scoring 0.61.

· 1h

Stock Market Today: U.S. Reaches New Trade Pacts; Bessent Sees No Reason for Powell to Leave

· 1d

Trump officials to visit Fed amid renovation probe, Semafor reports

2hon MSN

Fed officials, banking experts discuss regulatory rewrite effort at conference

The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.

3hon MSN

Jerome Powell must quit to save the Fed, one prominent economist says

The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.

7mon MSN

Janet Yellen salutes Powell being ‘completely committed to the Fed’s independence’

Former Treasury Secretary Janet Yellen supported Federal Reserve Chairman Jerome Powell finishing his term, which is up in May 2026.

16hon MSN

Why Trump’s next Fed chair may not deliver the interest-rate cuts investors expect

Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.

22h

Fed Newly Defends Renovations as White House Intensifies Attacks

The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.

LIVE

WATCH LIVE: Fed Chair Jerome Powell speaks at DC bank conference

Powell is delivering opening remarks just hours after it was revealed Rep. Anna Paulina Luna referred him to the Justice Department on charges of perjury.

Fed adds video tour footage to building renovation information page on website

The Federal Reserve on Monday added footage of a video tour of the two historic buildings it is renovating at its Washington headquarters campus amid criticism from the White House over cost overruns for the project.