Bessent: Powell’s Decision to Stay on as a Governor Would Go Against Tradition

Odaily News: U.S. Treasury Secretary Bessent stated that if outgoing Federal Reserve Chairman Powell were to remain as a Fed governor, it would be extraordinary. For someone who has always emphasized norms, his unilateral decision runs counter to tradition. Kevin Warsh will bring a fresh perspective to the Federal Reserve through a clear system of responsibility, effective management mechanisms, and sound policy-making.