Fed, Powell and Bessent
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Under normal circumstances, moderating inflation and a weakening labor market would make an easy case for interest rate cuts
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Cryptopolitan on MSNBessent’s name enters Fed chair race as Trump reshapes economic teamTrump is weighing a decision to replace Federal Reserve Chair Jerome Powell with Treasury Secretary Scott Bessent, according to people familiar with ongoing talks inside the administration, as reported by Bloomberg.
Kevin Warsh, widely viewed as one of Donald Trump’s top choices to replace Federal Reserve Chair Jerome Powell next year, defended the president’s right to criticize the central bank, saying the Fed is too big and politically exposed.