- Treasury Secretary Scott Bessent has approved its place as the Fed President of Jerome Powell
- President Trump suppresses Jerome Powell’s interest rates 1% or resign.
- Jerome Powell can be changed to the front runners in October to besi and Waller.
As the president of Jerome Powell’s US federal reserve seems to end. Treasury secretary Scott Bessent’s Trump administration is really looking for a substitute.
One Bloomberg interview Last week, Bessent said the management would start in the next few weeks and may perceive a backup until October. Powell’s current duration ends in May 2026.
Although Bessent’s name was proposed as a leading contestant. It was fast, he said he wasn’t currently taking into account the position. “I have the best job in DC,” Bessent talked about his work on finishing the tax invoice and ongoing commercial negotiations.
But he said, “I will do what the president wants” If it is officially appointed, it shows the desire to take the position.
Other contestants in the run Kevin Hasset, Christopher Waller and Kevin Warsh.
The action follows the increasing pressure of President Trump, which calls Powell to reduce interest rates at least 1%. Trump went to send a handwriting letter to Powell to resign.
Bessi has been added to the inflatable choir, showing softening inflation and gentle tariff effects as a reason to reduce proportions.
Markets are currently betting in July, especially in the near future of the Federal Reserve Governor Christopher Waller, especially in the near future.
Powell leadership is under intensive examination as the Trump administration under political pressure. The US is looking for a spare feed chair that shows a potential change in monetary policy.
