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Bessent says entire Fed needs to be examined as an institution

Washington | US Treasury Secretary Scott Bessent on Monday (Tuesday AEST) 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 chairman Jerome Powell, saying it would be the president’s decision.

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Reuters

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    Original URL: https://www.afr.com/world/north-america/bessent-says-fed-needs-to-be-examined-as-an-institution-20250722-p5mgql