Scott Bessent, the Treasury Secretary, proposes a review of the Fed, highlighting credibility as a threat.

Scott Bessent stated that the Federal Reserve should undergo a complete review, citing concerns about the credibility and legitimacy of the American central bank. He emphasized that the Fed has exceeded its mandate and called for an impartial assessment of its policies, including banking regulation. These comments come amid ongoing pressure from President Trump, who is calling for interest rate cuts to stimulate the economy.