Treasury Department Secretary Scott Bessent defended the monetary independence of the Federal Reserve after getting caught in the crossfire between President Trump and The Wall Street Journal. Bessent said in a social media post Monday evening that Fed “independence is a cornerstone of continued U.

Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington.

Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.