US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed.

Treasury Secretary Scott Bessent on Tuesday asserted that Fed Chair Jerome Powell does not need to resign though also he also repeated his desire for a review of the central bank's operations.

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed ...

‘What we need to do is examine the entire Federal Reserve institution and whether they have been successful,’ says Secretary Bessent.

Despite Trump’s anger and Bessent’s placations, legal experts doubt that the president has the authority to forcibly remove a standing chair of the Fed’s board of governors.

Experts weigh in on how the housing market could react if Fed Chair Jerome Powell is dismissed, and they point to economic turmoil.

Federal Reserve Chair Jerome Powell (center left) and Treasury Secretary Scott Bessent (center right) at a meeting of finance ministers and central-bank governors in Canada in May.