Internet reported that U.S. Treasury Secretary Bessant said on Wednesday that he had no position on whether President Trump had the legal authority to fire Federal Reserve Chairman Powell, adding that Trump's reference to Powell's "dismissal" last week may refer to his term, which ends in May 2026. Speaking to reporters on the sidelines of the spring meetings of the International Monetary Fund and World Bank, Besent also said that given Trump's history of dissatisfaction with Powell, he was not surprised by Trump's criticism of Powell.