U.S. Treasury Secretary Yellen: Powell's decision to stay on as Chair would go against tradition

Golden Finance reports that on April 30, U.S. Treasury Secretary Bessent said that if the outgoing Federal Reserve Chair Powell stays on as a Federal Reserve governor, it would be extraordinary. For someone who has always emphasized rules and standards, his unilateral decision goes against tradition. Kevin Waugh will bring a new outlook to the Federal Reserve with a clear accountability system, effective management mechanisms, and sound policy-making.

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