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Scott Bessent Calls for Probe Into ‘the Entire Federal Reserve Institution’

DISTRICT OF COLUMBIA, UNITED STATES, JUL 21 – Treasury Secretary Scott Bessent urged a full review of the Federal Reserve amid disputes over interest rate policies and a $2.5 billion renovation project, citing concerns of mismanagement.

  • Scott Bessent, the Treasury Secretary, called for an examination of the entire Federal Reserve as an institution.
  • Bessent noted that if the Federal Aviation Administration faced similar issues, they would investigate the causes.
  • The Trump administration has begun selecting a replacement for Powell before his term ends in May.
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  • 36% of the sources are Center, 36% of the sources lean Right
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NBC Philadelphia broke the news in Philadelphia, United States on Monday, July 21, 2025.
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