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Powell staying on as Fed board governor ‘violates all norms,’ Bessent says

Treasury Secretary Scott Bessent said it’s time for Federal Reserve Chairman Jerome Powell to “move on” from the central bank after his term expires in mid-May, deriding Powell’s decision to stay aboard as a governor. “It’s Chair Powell’s decision to stay as a governor if he want

First seen · 7:52 PM UTCMay 3, 2026

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Powell staying on as Fed board governor ‘violates all norms,’ Bessent saysTreasury Secretary Scott Bessent said it’s time for Federal Reserve Chairman Jerome Powell to “move on” from the central bank after his term expires in mid-May, deriding Powell’s decision to stay aboard as a governor. “It’s Chair Powell’s decision to stay as a governor if he want
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