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Scott Bessent calls for probe into ‘the entire Federal Reserve institution’
What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent told CNBC on Monday. Bessent’s comments come as Donald Trump and his lieutenants have sharply criticised the Fed and its chair Jay Powell for refraining to cut borrowing costs this year.
Treasury Secretary Scott Bessent calls for a review of 'the entire' Federal Reserve
Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,
Trump admin live updates: Bessent calls for a review of 'entire Federal Reserve institution'
He said they need to review "whether they have been successful." President Donald Trump is scheduled on Monday to host Vice President JD Vance for lunch at the White House. The president also continues to face backlash from his MAGA supporters over his administration's handling of files related to the investigation into Jeffrey Epstein.
An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.
US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are ...
Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing. Apr 6, 2024 Janet Yellen discusses ...
The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday ...
Secretary of the Treasury is one of the most powerful and important positions in the federal government, but plenty of people don't know what this person does.
The U.S. Treasury sanctioned six leaders and affiliates of the Venezuelan gang Tren de Aragua, including the head of the ...
Janet L. Yellen was sworn in as the secretary of the Treasury Department on Tuesday by Vice President Kamala Harris, a history-making moment as both are the first women to hold two of the most ...
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U.S. not rushing trade deals ahead of August deadline, will talk with China: U.S. Treasury Secretary
U.S. Treasury Secretary emphasizes quality over timing in trade agreements, with potential for tariff increases.
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