Story perspectives

Wall Street Pushes Trump to Mediate Fed Chair Powell's Future

3/20/2026

Summary

Story summary

Wall Street executives urge U.S. President Donald Trump and Treasury Secretary Scott Bessent to mediate with Federal Reserve Chair Jerome Powell.
Powell plans to stay beyond his term and faces scrutiny over a $2.5 billion renovation.
Trump seeks Powell's removal, complicating Kevin Warsh's nomination.
Powell's supporters say the investigation is politically motivated.
A Wall Street executive says Powell will stay as governor unless the investigation is dropped.

1 of 1

Story summary

Wall Street executives urge U.S. President Donald Trump and Treasury Secretary Scott Bessent to mediate with Federal Reserve Chair Jerome Powell.
Powell plans to stay beyond his term and faces scrutiny over a $2.5 billion renovation.
Trump seeks Powell's removal, complicating Kevin Warsh's nomination.
Powell's supporters say the investigation is politically motivated.
A Wall Street executive says Powell will stay as governor unless the investigation is dropped.