WorldNorth AmericaTrade warsPrint articleBessent says entire Fed needs to be examined as an institutionAndrea Shalal and Susan HeaveyUpdated Jul 22, 2025 – 4.59pm, first published at 5.47amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWashington | 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.Loading...ReutersSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreTrade warsTrump's White HouseJerome PowellFederal ReserveLatest In North AmericaFetching latest articlesMost Viewed In WorldThe Australian Financial Review MagazineWhat OpenAI’s Sam Altman suggests you do to keep your job56 mins agoPaul SmithHow a digital side hustle expanded into stores in London and New YorkMonica Lewinsky might be the most influential feminist in 30 yearsBOSS Financial ReviewThe 3 traits that stand out among this year’s BOSS Young Executives56 mins agoSally PattenHow this elite child gymnast leapt to the top of SportsbetWhat 18-hour days on a farm taught this NAB exec about bankingLife & LeisureThe secret to Oroton’s $123m turnaround success56 mins agoJessica BeresfordMaison Balzac glassware and bendy candlesticks to light up your homeStep inside this modernist penthouse with 360-degree viewsRich ListThree decades of PMs, fashion icons and the odd person headed for jailBrook TurnerFortescue near settlement with US tycoon after energy deal bust-upAustralia’s 50 Richest Bosses revealed