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Yo_Mama_Been_Loggin

(129,002 posts) Mon Jul 21, 2025, 07:50 PM Jul 21

US Treasury's Bessent says Federal Reserve needs to be examined as an institution

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

Bessent, speaking with CNBC, declined to comment on a report that he had advised President Donald Trump not to fire Fed chair Jerome Powell, saying it would be the president's decision.

But he said the institution should be reviewed, citing what he called "fear-mongering over tariffs" despite the emergence thus far of little, if any, inflationary effect.

"I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent said, adding that he would give a keynote speech at the U.S. central bank on Monday evening at the start of a regulatory conference.

https://finance.yahoo.com/news/us-treasurys-bessent-says-federal-120732921.html

Bessent needs to have his head examined to see if he has a functioning brain.

13 replies

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Highlight:

US Treasury's Bessent says Federal Reserve needs to be examined as an institution (Original Post) Yo_Mama_Been_Loggin Jul 21 OP

Yeah. Like I'd trust anything this bunch proposes Captain Zero Jul 21 #1

I think Bessent needs to be examined as competent. lostincalifornia Jul 21 #2

Fire every single federal official and let Trump run everything by himself. Irish_Dem Jul 21 #3

PissAnt needs to be in an institution. rickyhall Jul 21 #4

My monthly bills say otherwise Johonny Jul 21 #5

Bessent is a fucking traitor to the Constitution. spanone Jul 21 #6

Donnie is making too many enemies. Hence the Epstein scandal. unblock Jul 21 #7

Why? Because they said No to Trump? Iggo Jul 21 #8

Bessent needs to uncork his head from trump ass. republianmushroom Jul 21 #9

WTF? bronxiteforever Jul 21 #10

He doesn't (have a brain) Dave says Jul 21 #11

Yes, let's return to those halcyon days of no Federal Reserve, when 1 out 5 national banks failed. LudwigPastorius Jul 22 #12

Questioning the liars intelligence is silly. Instead, question his motives. nt BootinUp Jul 22 #13

Captain Zero

(8,452 posts)

1. Yeah. Like I'd trust anything this bunch proposes

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 07:55 PM

Jul 21

Especially since they want to impose 0% interest rates by dictat.

lostincalifornia

(4,535 posts)

2. I think Bessent needs to be examined as competent.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 07:57 PM

Jul 21

Irish_Dem

(75,282 posts)

3. Fire every single federal official and let Trump run everything by himself.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 08:06 PM

Jul 21

rickyhall

(5,483 posts)

4. PissAnt needs to be in an institution.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 08:12 PM

Jul 21

Johonny

(24,759 posts)

5. My monthly bills say otherwise

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 08:12 PM

Jul 21

Inflation is low except the stuff that isn't cheap.

spanone

(140,256 posts)

6. Bessent is a fucking traitor to the Constitution.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 08:13 PM

Jul 21

unblock

(55,649 posts)

7. Donnie is making too many enemies. Hence the Epstein scandal.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Jul 21, 2025, 08:13 PM

Jul 21

Criticizing Putin, pissing off Murdoch, alienating musk, messing with tariffs to attack businesses, etc.

Now taking on the fed and big banks?

No wonder they all think he's got to go.

Finally.