The reason behind the abrupt and unexplained resignation of former Federal Reserve Board Gov. Adriana Kugler in August has been revealed. CNBC, citing information from “unnamed Fed officials familiar with the matter,” reports Kugler’s departure was the result of an...
Treasury Secretary Scott Bessent will not be the next chairman of the Federal Reserve, according to President Trump. In a CNBC interview this morning, Trump stated Bessent was not interested in the job. “Well, I love Scott, but he wants to stay where he is,” Trump...