The Trump administration is planning to appoint a successor to Federal Reserve Chair Jerome Powell when his term ends in May ...

Scott Bessent says the Donald Trump administration is actively shopping for a replacement for Fed Chair Jerome Powell.

Powell’s term as chair ends in late May 2026. Trump has said he would not give the job to anyone who does not align with his ...

FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to ...

Trump cannot fire Powell over a policy dispute, but last week urged him to resign. Bessent in recent days, by contrast, has ...

More members of the Federal Reserve are talking about interest rate cuts, with some pushing for action soon and others ...