[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![news__gate Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::183274607.png) NewsGate [@news__gate](/creator/twitter/news__gate) on x XXX followers
Created: 2025-07-15 17:26:07 UTC

- US Treasury Secretary Scott Bessent announced the formal process to replace Federal Reserve Chair Jerome Powell, a rare transition amid scrutiny over a $XXX billion Fed headquarters renovation (CNN, July 14, 2025).

- Bessent, sworn in as 79th Treasury Secretary on January 28, 2025, with XX years of global investment experience, may influence the successor choice amid debates on Fed policies (Goldman Sachs, June 3, 2025).

- The move coincides with rising calls to abolish the Federal Reserve, fueled by Rep. Thomas Massie’s H.R. 1846 bill introduced on March 5, 2025, adding political tension to the selection process.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945173042902262216/c:line.svg)

**Related Topics**
[investment](/topic/investment)
[fed](/topic/fed)
[jerome powell](/topic/jerome-powell)
[jerome](/topic/jerome)
[federal reserve](/topic/federal-reserve)
[bessent](/topic/bessent)

[Post Link](https://x.com/news__gate/status/1945173042902262216)