Treasury Secretary Bessent Advocates for Federal Reserve Review Amid Trump-Powell Tensions
TL;DR Summary
Treasury Secretary Scott Bessent discreetly advised President Trump against firing Fed Chair Jerome Powell, emphasizing legal risks, market stability, and strategic timing, which ultimately helped preserve Powell's position and avoid a potential crisis.
- How Trump’s Treasury Chief Quietly Saved Powell’s Job TipRanks
- Treasury Secretary Bessent calls for a review of 'the entire' Federal Reserve CNBC
- Scott Bessent calls for probe into ‘the entire Federal Reserve institution’ Financial Times
- Exclusive | How Bessent Made the Case to Trump Against Firing Fed Chair Powell The Wall Street Journal
- The Trump-Powell feud keeps heating up. Meet the betting markets' top picks to replace the Fed chief. Business Insider
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