Bessent Sees No Reason for Powell to Step Down From Fed Now

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.

“There’s nothing that tells me that he should step down right now,” Bessent said of the US central bank chief, speaking Tuesday 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.”