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Scott Bessent Says 'Fed Must Change Course' As Trump Weighs Jerome Powell Successors, Treasury Secretary Calls For 'Nonpartisan Review'
Treasury Secretary Scott Bessent called for a comprehensive review of Federal Reserve policies to address concerns about inflation, independence, and economic disparities, urging reforms.
- On September 5, 2025, U.S. Treasury Secretary Scott Bessent publicly called for sweeping Federal Reserve reforms in Washington, DC.
- Bessent urged change due to the Fed's policies fueling inflation, inequality, and housing crises, and criticized its use of bond purchases.
- He proposed an independent, nonpartisan review covering monetary policy, regulation, staffing, and communications, while Trump pressures the Fed to cut rates.
- The Federal Open Market Committee recently kept rates at 4.25% to 4.5%, with no current policymakers endorsing Trump’s deeper, faster cuts demand.
- Bessent’s criticisms and interviews for Powell’s succession suggest ongoing debate over the Fed’s direction and its independent mandate ending May 2026.
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18 Articles
18 Articles
Scott Bessent Says 'Fed Must Change Course' As Trump Weighs Jerome Powell Successors, Treasury Secretary Calls For 'Nonpartisan Review'
U.S. Treasury Secretary Scott Bessent called for sweeping reforms at the Federal Reserve, accusing it of fueling inflation and inequality, as President Donald Trump weighs potential successors to Fed Chair Jerome Powell.
·New York, United States
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The U.S. Minister of Finance called on Friday for a thorough revision of the Fed, stressing Donald Trump's pressure on the institution to lower its rates. ...
·Brussels, Belgium
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InsideNoVA.com+13 Reposted by 13 other sources
Bessent says Federal Reserve 'must change course'
(The Center Square) – Treasury Secretary Scott Bessent said the Federal Reserve "must change course" on monetary policy in his most public comments on the central bank since the start of President Donald Trump's campaign to push the independent agency…
Coverage Details
Total News Sources18
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
Factuality
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