Scott Bessent Links Powell Probe to Construction Incompetence, Calls for Fed Overhaul

TLDR: Justice Department launches criminal probe into Powell over congressional testimony on renovations. Bessent calls Federal Reserve overhaul essential, citing lack of accountability despite market influence. Trump completes final interviews for Powell replacement, announcement expected before or after Davos trip. Kevin Hassett removed from Fed chair race as Trump prefers him to stay as Economic [...]

The post Scott Bessent Links Powell Probe to Construction Incompetence, Calls for Fed Overhaul appeared first on Blockonomi.