Fed should be independent but has made mistakes, Treasury Secretary Bessent says

Federal Reserve should be independent but has ‘made a lot of mistakes,’ Bessent says

Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had "made a lot of mistakes" and defended President Trump's right to fire Fed Governor Lisa Cook over allegations of mortgage fraud.

Fed Should Be Independent but Has Made Mistakes, Treasury Secretary Bessent Says

Fed Should Be Independent but Has Made Mistakes, Treasury Secretary Bessent Says

Fed should be independent but has made mistakes, Treasury Secretary Bessent says

U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had "made a lot of mistakes" and defended President Donald Trump's right to fire Fed Governor Lisa Cook over allegations of mortgage fraud.

US Treasury chief defends Trump’s right to fire Fed governor, expects court to uphold tariffs

ARLINGTON, VIRGINIA: US Treasury Secretary Scott Bessent said on Monday (Sep 1) that the Federal Reserve is and should remain independent but argued it has “made a lot of mistakes,” while def

US Treasury Secretary Bessent defends Trump’s firing of Lisa Cook, says Fed ‘made lots of mistakes’

Bessent said he believed that Cook should be removed or step down if the allegations against her are true, and noted that she had not denied them.