00:00It's Benzinga bringing Wall Street to Main Street.
00:02President-elect Donald Trump's pick for Treasury Secretary and hedge fund
00:05magnate Scott Besson stated Federal Reserve Chair Jerome Powell will serve out his term.
00:11Besson echoed Trump's remarks that Powell would not be removed.
00:14Trump had a contentious relationship with Powell in his first administration
00:18and told NBC News he had no plans to ask Powell to resign.
00:22Powell's term ends in May 2026, and he has expressed confidence in the legal protection
00:27of his role, emphasizing he would not step down if asked.
00:30This marks a shift for Besson, who previously floated the idea of a shadow-fed chair.
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