Bessent's comments to Bartiromo about the Fed on Fox News: "If we think about the Powell Fed, if we think about monetary policy, ethics and supervision, they weren't great. Monetary policy, we had the worst inflation in 48 years. Ethics, we had five governors or regional bank presidents have to resign for ethical problems. And then we had three of the four largest bank failures in U.S. history. So I'm looking forward to getting on with the Warsh Fed. It's Chair Powell's decision to stay as a governor if he wants. I think it violates all norms. They would say that one other governor did stay. That was at the request of the president. The president has not requested that Chair Powell stay. I am optimistic that after a period, he may move on. I think that it would be inappropriate to overshadow—I wouldn't call this a shadow chair. I'd call it an overshadow chair. And I hope the Chair Powell will move on over the short term."(Nick Timiraos)