Federal Reserve should be independent but has ‘made a lot of mistakes,’ Bessent says

admin September 2, 2025 0 Comments

Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently […]

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Treasury Sec. Scott Bessent says there are ‘no guarantees’ there won’t be a recession

admin March 16, 2025 0 Comments

There are “no guarantees” there will not be a recession in the US, although there could be an adjustment, Treasury Secretary Scott Bessent said in an interview that aired on Sunday. But Bessent, speaking to NBC’s “Meet the Press,” ruled out the chance of a financial crisis. US stock markets closed down sharply last week amid mounting uncertainties arising from […]

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