Fed, Bessent and Jerome Powell
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There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.
Center for Renewing America CEO Eric Teetsel weighs in on the Trump administration's intensifying conflict with the Federal Reserve and their upcoming court battle against Harvard University.
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Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the crossfire between President Trump and the Wall Street Journal. Bessent said
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Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and
Treasury Secretary Scott Bessent assured that the administration is more focused on “high-quality deals” for tariffs than reaching a deadline. President Donald Trump’s deadline for tariffs has been postponed twice.
US Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and says regulators should consider scrapping a "flawed" Biden-era proposal for a dual capital requirement structure for banks.