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Treasury Secretary Scott Bessent criticizes Jerome Powell
After the Fed meeting, which was
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After the Fed meeting, which was the outgoing chair Powell's last as chair, Treasury Secretary Scott Bessent criticized his decision to remain on the Federal Reserve Board of Governors, saying it amounted to a break with Fed traditions. "It's highly unusual for someone who says he's an institutionalist and cares about norms at the Fed," Bessent said, commenting on Powell's actions. "This is a violation of all Federal Reserve norms." He emphasized that moving from the chairmanship to the position of
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Jakub Novak,
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