US Treasury Secretary Scott Bessent told Bloomberg TV in an interview today that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell.
Scott Bessent said he continues to have regular meetings with Powell and that Powell had not told him whether he would leave his board seat.
He also said that US President DonaldTrump has created a lot of leverage on trade with his letters on tariff rates.
“President Trump is creating this leverage by saying: if you don’t want to negotiate with me, I’ve sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion,” he added.
