Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott Bessent last week in connection with the White House search for a new Fed chair,

U.S. Treasury Secretary Scott Bessent says the next leader of the Federal Reserve should be someone capable of taking a broad view of the institution beyond

President Donald Trump on Tuesday ruled out Treasury Secretary Scott Bessent as a potential choice to replace Federal Reserve Chair Jerome Powell. Despite pressure from Trump, Powell has reportedly informed some close allies and associates that he intends to serve out the rest of his term,