Scott Bessent initially refused to answer, but then bizarrely backtracked in an interview with NBC's Kristen Welker.

One manifestation of the trend began with a video made by Democratic strategist and popular YouTuber Keith Edwards. Riffing on the “We are Charlie Kirk” song that conservatives championed after the death of the right-wing activist, Edwards decided to flip the script and make it “We are Jerome Powell.”

Treasury Secretary Scott Bessent tells Meet the Press that President Trump is committed to the independence of the Federal Reserve as the Justice Department launches an investigation into Federal Reserve Chair Jerome Powell.

The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.

Although Powell's term as chair ends on May 15, he could remain at the Fed to fulfill a separate term on governing board of the central bank.

JPMorgan Chase CEO Jamie Dimon has emerged again as a fervent supporter of Federal Reserve chief Jerome Powell. His backing comes on the heels of Powell’s announcement that the Department of Justice had issued a subpoena against the central bank.

In an interview with CBS News' Tony Dokoupil, President Donald Trump insisted prominent conservatives "love" the DOJ probe into Federal Reserve Chair Jerome Powell.

The new betting odds come as Trump indicated that he would nominate either Warsh or national economic council Kevin Hassett to replace Powell, whose term is set to end in May. "The two Kevins are very good," Trump told Reuters on Wednesday. "You have some other good people too, but I'll be announcing something over the next couple of weeks."

As President Donald Trump escalates his attacks on Fed chair Jerome Powell, investment professionals explain why his pressure tactics are unlikely to work.

The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends,