$BTC 🚨BREAKING: Donald Trump considers replacing Fed Chair - Jerome Powell with Treasury Secretary Bessent!
TRUE! President Donald Trump has indeed initiated a formal process to find a successor for Federal Reserve Chair Jerome Powell, whose term ends in May 2026, with Treasury Secretary Scott Bessent confirming the search is underway. Trump has been vocal about his dissatisfaction with Powell, particularly over the Fed's refusal to lower interest rates, which currently stand at 4.25% to 4.5%, despite Trump's push for rates below 1%. Bessent, a potential candidate to replace Powell, has suggested Powell should step down from the Fed’s Board of Governors entirely when his chair term expires to avoid market confusion, though Powell’s governor term extends to 2028.#CPIWatch