The WSJ report, quoting unnamed sources, said that Bessent had warned Trump about the possible legal, political, and market consequences of firing Powell before his term ends in May 2026.

Experts weigh in on how the housing market could react if Fed Chair Jerome Powell is dismissed, and they point to economic turmoil.

The Wall Street Journal reported on Saturday that Bessent made clear his concerns about firing the Fed chairman in private talks with the president last week.

Treasury Secretary Scott Bessent advised President Trump against firing Federal Reserve Chair Jerome Powell, arguing that ...

President Trump says no one needs to explain to him that firing Federal Reserve Chair Jerome Powell would be bad for the ...

Donald Trump on Sunday raged against the Wall Street Journal, this time for a report about deliberations with his Cabinet ...

Trump is ramping up his attacks on the WSJ days after suing them over an article in which they reported that Trump wrote a ...

Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.

Stablecoins are designed to maintain a constant value, usually a 1:1 US dollar peg, and their use has exploded, notably by ...

Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump ...

Trump told reporters last week that he had talks with Congress members of removing the Central Bank Chair, during which he ...

Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next ...