Trump seeks to fire Fed governor, triggering fresh independence crisis
Tuesday, 26 August 2025 () President Trump says he is firing a governor of the US central bank, a move seen as intensifying his bid for control over the setting of interest rates.
Trump has officially ruled out Scott Bessent for the next Fed chair, telling CNBC that Bessent “wants to stay where he is.” The decision follows the surprise resignation of Fed Governor Adriana..