Treasury Secretary Scott Bessent on Monday took aim at both the Federal Reserve and the rules the Fed enforces as a supervisor of big banks.
This is the way.
Read my full remarks here: https://t.co/w8664gdEE4
— Treasury Secretary Scott Bessent (@SecScottBessent) July 22, 2025
He said on X that there should be a review of the central bank’s $2.5 billion renovation of its headquarters and a review of its non-monetary policy operations, arguing that “significant mission creep and institutional growth have taken the Fed into areas that potentially jeopardize the independence of its core monetary policy mission.”
He posted the comments on the same day he spoke at the opening of a Fed conference designed to review the capital framework governing
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