US Treasury's Bessent says Federal Reserve needs to be examined as an institution

[Yo_Mama_Been_Loggin]

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

Bessent, speaking with CNBC, declined to comment on a report that he had advised President Donald Trump not to fire Fed chair Jerome Powell, saying it would be the president's decision.

But he said the institution should be reviewed, citing what he called "fear-mongering over tariffs" despite the emergence thus far of little, if any, inflationary effect.

"I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent said, adding that he would give a keynote speech at the U.S. central bank on Monday evening at the start of a regulatory conference.

https://finance.yahoo.com/news/us-treasurys-bessent-says-federal-120732921.html

Bessent needs to have his head examined to see if he has a functioning brain.

[Captain Zero]

1. Yeah. Like I'd trust anything this bunch proposes

Especially since they want to impose 0% interest rates by dictat.

[lostincalifornia]

2. I think Bessent needs to be examined as competent.

[Irish_Dem]

3. Fire every single federal official and let Trump run everything by himself.

[rickyhall]

4. PissAnt needs to be in an institution.

[Johonny]

5. My monthly bills say otherwise

Inflation is low except the stuff that isn't cheap.

[spanone]

6. Bessent is a fucking traitor to the Constitution.

[unblock]

7. Donnie is making too many enemies. Hence the Epstein scandal.

Criticizing Putin, pissing off Murdoch, alienating musk, messing with tariffs to attack businesses, etc.

Now taking on the fed and big banks?

No wonder they all think he's got to go.

Finally.

[Iggo]

8. Why? Because they said No to Trump?

[republianmushroom]

9. Bessent needs to uncork his head from trump ass.

[bronxiteforever]

10. WTF?

[Dave says]

11. He doesn't (have a brain)

Nor heart. Just greed and avarice fill those spaces.

[LudwigPastorius]

12. Yes, let's return to those halcyon days of no Federal Reserve, when 1 out 5 national banks failed.

...for surely, as our Leader has demonstrated, there is big money in failure.

[BootinUp]

13. Questioning the liars intelligence is silly. Instead, question his motives. nt