Bessent floats audit of Fed’s perceived failures
Treasury secretary is latest Trump official to attack central bank, but says chair need not step down
Scott Bessent has become the latest official in US president Donald Trump’s administration to attack the Federal Reserve by calling for a review of the central bank’s ability to accomplish its goals.
In a July 21 interview with CNBC, the US treasury secretary said: “What we need to do is examine the entire Federal Reserve institution and whether they have been successful.”
Bessent said the Fed’s domains involved dealing with monetary policy, regulation and financial stability, and asked whether
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