Visiting original passage: Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
Nick Lichtenberg, Fortune Intelligence •
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."
