Bessent Urges Comprehensive Review of Federal Reserve and Its Practices
TL;DR Summary
Bessent urges the Federal Reserve to conduct a comprehensive review of its mission to enhance credibility, amid ongoing debates over its policy decisions and the impact of tariffs on inflation. The administration is pressuring Fed Chair Powell to maintain steady interest rates as inflation remains below 3%, despite rising prices linked to tariffs.
- Bessent calls on Fed to do comprehensive review of its mission Politico
- Treasury Secretary Bessent calls for a review of 'the entire' Federal Reserve CNBC
- Trump admin live updates: Bessent calls for a review of 'entire Federal Reserve institution' ABC News
- Bessent Says Review of Fed’s Building Renovations Is Needed Bloomberg.com
- Bessent: The Trump administration should look into the Fed’s ‘many mistakes’ CNN
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