[U.S. Treasury Secretary: Powell's Reappointment to the Federal Reserve Board Would Break Historical Precedent] Golden Finance reported on March 20 that U.S. Treasury Secretary Scott Bessent stated in an interview with Maria Bartiromo that if Powell continues to serve on the Federal Reserve Board, it would break precedent. He said: 'Whether to continue serving as a board member is his decision. But from a historical perspective, I will tell you, this would deviate from past precedent.'