U.S. treasury secretary says Fed chief need not resign

NAMPA / Xinhua

2025-07-23

WASHINGTON, July 22 (Xinhua) -- Shifting gears from previous calls for the Fed head's ouster, the administration of U.S. President Donald Trump on Tuesday said Federal Reserve Chair Jerome Powell need not resign. "I know Chair Powell. There's nothing that tells me that he should step down right now. He's been a good public servant," U.S. Treasury Secretary Scott Bessent told Fox Business in an interview. "His term ends in May. If he wants to s......

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