A Wall Street Journal report on Saturday detailed Bessent's concerns in talks with the president over a possible ousting of the Fed chairman.

Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.

Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on ...

The US Treasury secretary expects tariffs and growth to boost government revenue, while banks and monetary innovation keep borrowing costs in check. The scheme evokes the 18th-century Scottish ...

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

Consumers’ inflation expectations, by some measures, are also the highest in decades. Inflation has been above the Fed’s 2% ...

Consumers' inflation expectations, by some measures, are also the highest in decades. Inflation has been above the Fed's 2% ...

Kevin Hassett, one of President Trump’s longest-serving economic aides, is the early front-runner to replace Jerome Powell as ...

U.S. President Donald Trump reportedly told Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, reported CNBC, citing a senior White House official. "The President asked ...

President Trump said Scott Bessent could potentially lead the Federal Reserve but the former hedge-fund manager wasn't his ...

There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair ...

Ideas for how to squeeze the country’s interest bill, ideally without cutting spending or raising taxes, are thus at a ...