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Fed, Powell and Bessent

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Why Bessent is now saying Powell doesn’t need to resign from Fed
“Bessent is trying to show Trump there is a path to get what he wants without unnecessary market turmoil,” said Stephen Myrow, managing partner at Beacon Policy Advisors. That path would involve allowing Powell to finish out his term as chair and stepping down from the Federal Reserve board once his chairmanship is up.

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Trump says Fed's Powell will be out in 8 months, calls him a 'numbskull'
Amid calls for Powell’s ouster, Bessent says Fed chief should serve out his term
US Treasury Chief: No Need for Fed's Powell to Step Down Right Now
There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the...

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Trump’s big fiscal dominance play
Trump admin live updates: Bessent says there's no reason for Fed chair to resign
Fed Newly Defends Renovations as White House Intensifies Attacks
The Fed, which has said that it has scaled back its initial plans, highlighted changes made to a 2021 proposal submitted to a little-known planning board.

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Trump officials to visit Fed amid renovation probe, Semafor reports
Stock Market Today: U.S. Reaches New Trade Pacts; Bessent Sees No Reason for Powell to Leave
GOP Senator Gets Fooled By Obviously Fake Fed Chair Resignation Letter
A spokesperson for the senator did not immediately respond to HuffPost’s request for comment. Trump appointed Powell as chair of the Fed back in 2017, although he has tried to distance himself from that decision in recent days.
Fed chair Jerome Powell resignation letter fake appears to dupe Trump-boosting Republican senator
A fake resignation letter generated by AI fooled Utah Senator Mike Lee into thinking that Jerome Powell, chair of the Federal Reserve, had quit on Tuesday. The senator tweeted and deleted the fake letter from his personal “basedmikelee” account, which staffers have confirmed that Lee operates directly.
At the Fed’s Banking Conference, Sam Altman, Capital Rules and Avoiding the Powell Drama
A new gathering tries to turn the page for the Fed’s banking supervision and the nation’s banks.
Top Trump official slated to inspect Fed's $2.5B renovation amid cost scrutiny
White House deputy chief of staff James Blair will visit the renovation site at the Federal Reserve's headquarters amid President Donald Trump's concerns with the projects cost overruns.
Trading Day: Tech cools, Trump's Fed ire burns
The rally in U.S. tech stocks lost steam on Tuesday while bond yields and the dollar fell, as investors trimmed positions ahead of the first 'Big Tech' earnings reports and digested U.S. President Donald Trump's latest tirade against Fed Chair Jerome Powell.
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Fed still set for extended hold in 2025, but likelihood of easing is rising
For the moment, our central forecast still sees the Fed remaining on hold throughout 2025. For 2026, we have changed our base case to feature one additional rate cut in the first half, which would take the fed funds rate to neutral levels by the end of that year.
Fed up with flooding on Detroit's east side
People living in one neighborhood on Detroit's east side say they are fed up with flooding after it rains, and the water collects because it has no place to go.
Fed officials, banking experts discuss regulatory rewrite effort at conference
The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.
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