U.S. Treasury Secretary Scott Bessent on Wednesday said that the independence of the Federal Reserve was based on Americans’ trust of the central bank, which it lost because it allowed inflation to get out of control and “ravage” their incomes.
U.S. Treasury Secretary Scott Bessent on Wednesday said that the independence of the Federal Reserve was based on Americans’ trust of the central bank, which it lost because it allowed inflation to get out of control and “ravage” their incomes.