Fed independence questioned as Bessent is floated as Powell successor

US Treasury Secretary Scott Bessent testifying at the US Congress. Photo via C-Span.
US Treasury Secretary Scott Bessent testifying at the US Congress. Photo via C-Span.
Scott Bessent, the U.S. Treasury Secretary and key architect of President Trump’s economic agenda, is being discussed as a potential successor to Federal Reserve Chair Jerome Powell. Bloomberg cited anonymous sources saying his name has been floated for the role.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.