Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.
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2 viewpointsTreasury secretary says 'formal process' to find Jerome Powell's successor has started
Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'