Treasury Secretary Scott Bessent said Tuesday that he sees no reason for Fed chairman Jerome Powell to step down immediately.
“There’s nothing that tells me that he should step down right now,” Bessent said during an interview with Maria Bartiromo on Fox Business. “His term ends in May. If he wants to see that through, I think he should. If he wants to leave early, I think he should.”
Bessent has called for the Fed to launch a comprehensive internal review of the Federal Reserve, warning that “mission creep” has drawn the central bank into the realm of politics and distracted from its core monetary policy functions.
“There’s a real chance here…
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