Bessent Sees No Reason for Powell to Step Down

“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,” Bloomberg reports.

Said Bessent: “There’s nothing that tells me that he should step down right now. 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.”