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Scott Bessent calls for probe into ‘the entire Federal Reserve institution’
What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent told CNBC on Monday. Bessent’s comments come as Donald Trump and his lieutenants have sharply criticised the Fed and its chair Jay Powell for refraining to cut borrowing costs this year.
Ahead of US Fed Chair Jerome Powell’s scheduled speech, Treasury Secretary Scott Bessent has called for a comprehensive ...
President Donald Trump, some days back, reportedly wanted to fire Fed chair Jerome Powell, but did not go through with it.
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and ...
An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.
6don MSN
Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome ...
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.
President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about ...
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