Treasury Secretary Bessent Calls for Deep Fed Review, Says Due to the FED, U.S is Losing $100 Billion Annually
In a detailed interview, U.S. Treasury Secretary Scott Bessent emphasized the urgent need for a comprehensive internal review of the Federal Reserve, citing its massive financial losses, bloated staffing, and costly operations. He warned that the Fed’s expanding role risks undermining its monetary policy independence. Bessent also highlighted President Trump’s trade strategy successes, including deals …