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US Treasury chief says no reason for Fed chair to step down
US Treasury chief says no reason for Fed chair to step down
Business and Economy
by  AFP

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed. The Treasury chief had told CNBC earlier in the day that "what we need to do is examine the entire Federal Reserve institution and whether they have been successful."