On July 20th, according to the Wall Street Journal, people familiar with the matter said that U.S. Treasury Secretary Vincent Bescent has privately suggested to Trump in recent days that there should be no attempt to remove Federal Reserve Chairperson Jerome Powell. Bescent's reasons mainly focus on several themes: the possible impact on the economy and markets, the prospect that the Federal Reserve could already cut interest rates later this year, and the possible political and legal obstacles ...
According to the Wall Street Journal, people familiar with the matter said that U.S. Treasury Secretary Vincent Bescent has privately suggested to Trump in recent days that he should not try to oust Federal Reserve Chairperson Jerome Powell. Bescent's reasons mainly focus on several themes: the possible impact on the economy and markets...