Bessent Wants Independent Fed Review, Including Monetary Policy
Treasury Secretary Scott Bessent has called for an independent review of the Federal Reserve, including its monetary policy. Bessent criticized the Fed for allegedly engaging in "mission creep" and putting its own independence at risk. He believes the review should be conducted by an independent entity to ensure objectivity and transparency. The review is expected to examine the Fed's policies and decision-making processes, as well as its overall role and impact on the US economy. Bessent's comments come amid ongoing debates about the appropriate scope and independence of the central bank. The proposed review is seen as a significant challenge to the Fed's autonomy and could have far-reaching implications for the conduct of monetary policy in the United States.
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