Reported about 19 hours ago
During his Senate confirmation hearing, Treasury secretary nominee Scott Bessent asserted that the Federal Reserve should maintain its independence. However, he acknowledged that President Trump would likely express his opinions on monetary policy. Bessent's comments come amidst heightened scrutiny of the relationship between the incoming administration and the Fed, particularly concerning inflation and interest rates. He clarified that contrary to reports, Trump does not intend to exert control over Fed policymaking, even as the president has historically criticized Fed Chair Jerome Powell.
Source: YAHOO