Treasury Secretary Critiques Fed's Loss of Public Trust
U.S. Treasury Secretary Scott Bessent expressed concerns about the Federal Reserve's loss of independence due to eroded public trust following unchecked inflation. In a House hearing, he emphasized that public figures have the right to comment on monetary policy and reiterated his support for a strong dollar policy.
Devdiscourse News Desk | Washington DC | Updated: 04-02-2026 22:32 IST | Created: 04-02-2026 22:32 IST
- Country:
- United States
U.S. Treasury Secretary Scott Bessent raised alarms over the Federal Reserve's waning independence, attributing it to a loss of public trust after inflation spiraled out of control, severely impacting American incomes.
During a House Financial Services Committee hearing, Bessent asserted that figures such as President Donald Trump and Senator Elizabeth Warren are entitled to voice their opinions on monetary policy.
He underscored his continued advocacy for a strong dollar policy, reflecting on its importance to the national economy.
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