General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS Treasury's Bessent says Federal Reserve needs to be examined as an institution
WASHINGTON (Reuters) -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.
Bessent, speaking with CNBC, declined to comment on a report that he had advised President Donald Trump not to fire Fed chair Jerome Powell, saying it would be the president's decision.
But he said the institution should be reviewed, citing what he called "fear-mongering over tariffs" despite the emergence thus far of little, if any, inflationary effect.
"I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent said, adding that he would give a keynote speech at the U.S. central bank on Monday evening at the start of a regulatory conference.
https://finance.yahoo.com/news/us-treasurys-bessent-says-federal-120732921.html
Bessent needs to have his head examined to see if he has a functioning brain.

Captain Zero
(8,159 posts)Especially since they want to impose 0% interest rates by dictat.
lostincalifornia
(3,902 posts)Irish_Dem
(72,533 posts)rickyhall
(5,313 posts)Johonny
(24,199 posts)Inflation is low except the stuff that isn't cheap.
spanone
(139,671 posts)unblock
(55,409 posts)Criticizing Putin, pissing off Murdoch, alienating musk, messing with tariffs to attack businesses, etc.
Now taking on the fed and big banks?
No wonder they all think he's got to go.
Finally.
Iggo
(49,007 posts)republianmushroom
(20,709 posts)bronxiteforever
(10,632 posts)
Dave says
(5,187 posts)Nor heart. Just greed and avarice fill those spaces.
LudwigPastorius
(12,973 posts)...for surely, as our Leader has demonstrated, there is big money in failure.