US Treasury Secretary Comments on Powell's Fate.


💬 Treasury Secretary Scott Bessent confirms:
• There is no immediate need to remove Jerome Powell from the Fed's leadership.
• The final decision rests solely with President Trump.
• Powell can complete his term until May 2026... or voluntarily resign before that.
📌 Bessent calls for:
• A comprehensive review of the Fed's non-monetary activities.
• Reducing large expenditures, such as the costly renovation of the Fed's headquarters.
🧠 Conclusion:
➡️ No immediate resignation, but pressure is mounting for deep reform within the US Federal Reserve 🇺🇸.
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Sfmovip
· 14h ago
1000x Vibes 🤑
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