US Treasury Secretary: Powell's Continued Fed Board Tenure Would Break Historical Precedent
On March 20, U.S. Treasury Secretary Scott Bessent stated in an interview with Maria Bartiromo that if Jerome Powell continues to serve on the Federal Reserve's Board of Governors, it would break with precedent. He said, "Whether he continues to serve as a governor is his decision. But from a historical perspective, I will tell you, it would be a departure from past practice."
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