"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

On July 29-30, the Federal Open Market Committee will announce its interest rate policy. Read about the rumors that Fed Chair ...

US stocks, bonds, commodities, and REITs were all higher last week by fractional amounts, while non-US stocks were mostly ...

Experts weigh in on how the housing market could react if Fed Chair Jerome Powell is dismissed, and they point to economic turmoil.

Betting markets show Kevin Warsh (24%), Scott Bessent (20%), Kevin Hasset (12%), and Christopher Waller (12%) as top ...