Bessent says there's no reason for Fed chair to resign
While there are mixed signals about whether President Donald Trump plans to fire Federal Reserve Chair Jerome Powell, Treasury Secretary Scott Bessent has come to his defense in a new interview with Fox Business on Tuesday.
Bessent expressed his support for Powell amid ongoing criticism from Trump administration officials, stating that he sees no reason for the Federal Reserve chair to resign.

"There's nothing that tells me that he should step down right now. He's been a good public servant. His term ends in May. If he wants to see that through, I think he should," Bessent said.
"If he wants to leave early, I think he should, but I think there's a real chance here for him, for his legacy to be that he right-sized -- the non-monetary policy functions of the Fed," he added.
-ABC News' Kelsey Walsh






