Treasury Secretary Scott Bessent, one of several candidates reportedly being considered by President Donald Trump to potentially replace Federal Reserve Chair Jerome Powell, has publicly stepped up his criticism of the central bank’s policies in recent months despite an unwritten rule that treasury secretaries steer clear of interfering with the Fed’s operations, The New York Times reports.
He has complained that the Fed has been too slow to cut interest rates and that officials there misunderstand the impact that tariffs will have on prices.
“I guess this tariff derangement syndrome happens even over at the Fed,” Bessent said earlier this month on Fox News.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
