U.S. Treasury Secretary Basant: The Fed must restore its credibility as an independent institution.

GateNews

2025-09-05 15:46:27

PANews September 5 news, according to the Wall Street Journal report, US Treasury Secretary Bessent stated: In order to ensure the future and stability of the US economy, the Fed must restore its credibility as an independent institution. An honest, independent, and non-partisan review of the entire institution is necessary, including monetary policy, regulation, communication, staffing, and research. Looking ahead, the Fed must reduce the distortions it causes to the economy. Besant stated that when President Trump's administration shifted towards tax cuts and deregulation, the Fed's forecasts were overly pessimistic.

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