The Fed should be reviewed, citing what the Treasury secretary called “fearmongering over tariffs” despite the emergence of little, if any, inflationary effect.

An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.

U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

Donald Trump is reportedly fuming over a Wall Street Journal report claiming Treasury Secretary Scott Bessent talked him out of firing Fed Chair Jerome Powell. While Trump dismissed the account, CNBC’s Andrew Ross Sorkin says a new strategy may be emerging: naming a “shadow Fed chair” ahead of Powell’s term ending in May.

President Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.

In the latest attempt by a White House ally to turn up the heat on Jerome Powell, a Republican congresswoman has asked the Justice Department to investigate whether the Federal Reserve chief lied to C