Some comments from Treasury Secretary Scott Bessent are on the wires:
Federal reserve is independent and should remain that way but has made ‘a lot of mistakes’Cook should be removed if allegations are true, notes that she hasn’t denied themSurprised that Fed has not done independent review of allegationsOn the market reaction to Trump’s pressure on the Fed, says there hasn’t been anything yet
I’m not sure there is any ‘Bessent’ policy at this point, as he is really just PR for Trump’s changing whims.
This article was written by Adam Button at investinglive.com.