CNN: “Treasury Secretary Scott Bessent last week made it clear that the Trump administration intends to shake up the Federal Reserve — just as it has done with the rest of the federal government.”
“Change at the central bank will accelerate once Chair Jerome Powell steps aside at the end of his term in May 2026 — or earlier if he resigns or Trump manages to fire him.
Those changes include the rules that impact the largest US banks, which are already being reviewed, and on the Fed’s workforce of tens of thousands across the country.”