Summary
- US Treasury Secretary Scott Bessent announced that Fed Chair Jerome Powell could be replaced if President Donald Trump wishes.
- Secretary Bessent, as a key economic advisor to President Trump, is said to be expanding his influence over the entirety of financial and monetary policy.
- The possibility of replacing the Fed Chair is expected to be an important factor in the direction of the US's interest rate policies and markets.
According to WatcherGuru, a crypto-focused media outlet, on the 30th (local time), US Treasury Secretary Scott Bessent stated that he is prepared to replace Jerome Powell, Chair of the Fed, if President Donald Trump so desires.
Secretary Bessent, a key economic advisor to President Trump, has been rapidly expanding his influence over financial and monetary policy overall.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
