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    Tuesday, July 22, 2025

    Home Latest International News Today World News Trending News of World - Times of India World Breaking News World News Trump vs Powell: Scott Bessent softens tone; suggests Fed chief 'shouldn’t step down right now’<> https://ift.tt/5NTikOl

    Trump vs Powell: Scott Bessent softens tone; suggests Fed chief 'shouldn’t step down right now’<> https://ift.tt/5NTikOl

    US Treasury Secretary Scott Bessent stated that Federal Reserve Chair Jerome Powell need not resign. This statement comes after Bessent called for a review of the Fed's operations. Bessent believes Powell should complete his term, ending in May 2026. His comments follow pressure from President Donald Trump's administration to lower interest rates. Michelle Bowman defended the Fed's independence.

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