There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.

Larry Summers on Tuesday reportedly backed Treasury Secretary Scott Bessent on the topic of the Federal Reserve’s “overreach” in the non-monetary activities of the central bank. In an interview with Bloomberg,

Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and

President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”

U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury Secretary Scott Bessent called Powell "good public servant" suggesting he finish his term.

Bessent has called upon European allies to join the U.S. in implementing secondary tariffs on Russia should they fail to reach a peace agreement with Ukraine

U.S. President Donald Trump's administration is more concerned with getting "high-quality" deals with trading partners rather than meeting the Aug. 1 negotiation deadline, the treasury secretary said Monday,