Treasury Secretary Bessent Open to Replacing Fed Chair Powell

Posted: 2025-06-30 17:02:21 UTC

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Last Updated

2025-06-30 17:02:39 UTC

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Treasury Secretary Bessent is reportedly ready to replace Fed Chair Jerome Powell if President Trump desires.

Potential change in Federal Reserve leadership

Influence of the President on Fed Chair selection

Impact on financial markets and economic policy

Political implications of replacing the Fed Chair

Market uncertainty due to potential leadership change

Maintaining the Fed's independence