Source: New York Post
Wall Street executives are pleading with White House officials including Treasury Secretary Scott Bessent to intervene in the high-stakes drama between President Trump and Fed Chairman Jerome Powell, On The Money has learned. Powell, who was named by Trump as Fed chair during his first term but has since been at odds with the president over interest rates, told reporters on Wednesday he will stay at the central bank even after his term ends amid the Trump administration plans not to drop a probe into his pricey renovations of the agency’s headquarters. Powell has noted both publicly and in private conversations that he is entitled to hold a seat on the Fed’s all-important policy-making board of governors until 2028.
