Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'
- Posted on July 15, 2025
- By Fortune
- 4 Views
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. “Traditionally, the Fed chair also steps down as a governor."
