The former Treasury Secretary said the Fed’s non-monetary activities should be subject to scrutiny by political officials.

Fed chair Jerome Powell has faced growing pressure from the White House to slash interest rates. Read more at ...

The dollar slid on Tuesday, with the yen one of the major gainers versus the greenback, as investors tracked talks ahead of an August 1 deadline that could bring steep tariffs on products of U.S.

Powell has been under fire from President Donald Trump for months for leading the Fed in holding fast on interest rates ...

Dollar weakens below key support as traders weigh Fed policy risks and tariff uncertainty ahead of the August 1 deadline and ...

Bessent expressed his support for Powell amid ongoing criticism from Trump administration officials, stating that he sees no ...

Lawrence Summers backed Treasury Secretary Scott Bessent’s questioning of the Federal Reserve’s non-monetary policy ...

Scott Bessent has become the latest official in US president Donald Trump’s administration to attack the Federal Reserve by calling for a review of the central bank’s ability to accomplish its goals.