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Scott Bessent, Jerome Powell

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’

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."

Wall Street Journal · 1d

Bessent Says Formal Process to Pick Fed Chair Is Starting

The process to choose the next head of the Federal Reserve is getting under way, Treasury Secretary Scott Bessent said, suggesting that when current Chair Jerome Powell is replaced, he should also step down from the board.

The Hill on MSN · 1d

Bessent: ‘Formal process’ underway to pick Powell successor

Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has started, ahead of Chair Jerome Powell’s term ending in 2026 and amid growing

9don MSN

Democrats 'seem to think that poor people are stupid,' Scott Bessent says

President Trump's Treasury secretary bristled at suggestions that changes to Medicaid would make it too difficult for people.

Eagle-Tribune6mon

Democrats: Treasury nominee Scott Bessent avoided Medicare tax on hedge ...

WASHINGTON — Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary, with questions about his fitness to hold the office ...

Seattle Times5mon

Scott Bessent confirmed as treasury secretary, giving him a key role in ...

However, he faced pushback from Democrats on unpaid tax liabilities. Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related to his limited ...

Hosted on MSN7mon

Who Is Scott Bessent? Wall Street Is Delighted by Trump’s ... - MSN

Bessent is a long-time veteran of the investing world—among other things, he was chief investment officer for Soros Fund Management in the early 2010s—and his hedge fund, Key Square, is a ...

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