Author name: moderat ereport

The Hill

Bessent: ‘Formal process’ underway to pick Powell successor

Treasury Department Secretary Scott Bessent on Tuesday said the process to pick a new chair of the Federal Reserve has started, ahead of Chair Jerome Powell’s term ending in 2026 and amid growing pressure from the White House for him to step aside early. “There’s a formal process that’s already starting,” Bessent told Bloomberg Television,…

The Hill

Russia blows off latest Trump threat

Russian leaders responded flippantly Tuesday to the Trump administration’s threat of “severe” tariffs if Moscow doesn’t quickly come to a peace agreement with Ukraine. “Trump issued a theatrical ultimatum to the Kremlin. The world shuddered, expecting the consequences,” Dmitry Medvedev, deputy chair of the Security Council of the Russian Federation, wrote in a post on…

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