Treasury Secretary Scott Bessent has called for an evaluation of the US Federal Reserve, emphasizing the need to review the institution's performance.

Scott Bessent said the US Federal Reserve needs to be scrutinized to assess its performance amid criticism over its handling of the economic panic and tariffs. While he avoided commenting on possible advice to Donald Trump on firing Jerome Powell, Bessent emphasized that the institution's mistakes should be analyzed. Powell, criticized by Trump for refusing to cut interest rates, is under pressure, especially after going over budget to renovate the Fed's headquarters. Powell's possible successors include names such as Kevin Warsh and Scott Bessent.