Powell: Does Not Believe the Role of 'Shadow Federal Reserve Chair' Needs to Be Discussed
Bessent, who was nominated by Trump for Treasury Secretary, suggested in Barron’s that Trump should publicly appoint a successor to Federal Reserve Chair Jerome Powell as soon as he takes office, effectively creating a "shadow Federal Reserve chair." Powell disagreed with this idea, stating on Wednesday, "I don't think that's really a topic for discussion." He added, "There are institutional relationships between the Fed and each administration. I fully believe we can maintain the same relationship." Powell's term is set to end in early 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VanEck: Maintains Year-End BTC Target Price at $180,000
Analyst: Bitcoin Likely to Remain Range-Bound as Market Awaits Powell’s Speech This Friday
Vaneck Market Outlook: Bitcoin Year-End Target Price Remains Unchanged at $180,000
A Certain Exchange Suspected of Initiating Plans for a U.S. IPO

Trending news
MoreCrypto prices
More








