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Trump to Shake Up Fed with New Appointments

8/14/2025

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent addressed Federal Reserve politics in a FOX Business interview.
President Trump will appoint two new members to the Fed, altering its composition.
Trump intends to nominate a new Fed Board member by the end of the week, with Stephen Miran as a candidate.
Trump criticized Fed Chair Jerome Powell for maintaining interest rates despite 2.7% inflation.

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Story summary

U.S. Treasury Secretary Scott Bessent addressed Federal Reserve politics in a FOX Business interview.
President Trump will appoint two new members to the Fed, altering its composition.
Trump intends to nominate a new Fed Board member by the end of the week, with Stephen Miran as a candidate.
Trump criticized Fed Chair Jerome Powell for maintaining interest rates despite 2.7% inflation.