US Treasury Secretary: "Trump Will Not Dismiss Powell"
YM Lee
Summary
- Scott Bessent, U.S. Treasury Secretary, predicted that President Donald Trump will not dismiss Federal Reserve Chair Powell.
- Secretary Bessent mentioned that the Federal Reserve made some errors in its outlook following the introduction of tariffs.
- He stated that in the market, the dialogues with China, the European Union (EU), and others are being received positively.
Scott Bessent, U.S. Treasury Secretary, predicted that President Donald Trump will not dismiss Federal Reserve Chair Powell.
On the 23rd (local time), Treasury Secretary Scott Bessent said in an interview with Bloomberg TV, "We have regular meetings with Powell, and Powell has no intention of stepping down as Fed Chair. President Donald Trump will also not dismiss him."
Regarding the outlook after the Fed's introduction of tariffs, he expressed a negative stance. He said, "The Fed predicted inflation after the imposition of mutual tariffs, but it seems this forecast was slightly off. We are having good conversations with China, the European Union (EU), and others, and the market has responded quite positively," he stated.
YM Lee
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