{"id":32770,"date":"2025-09-02T06:30:00","date_gmt":"2025-09-01T22:30:00","guid":{"rendered":"https:\/\/multimetro.hk\/plus\/2025\/09\/02\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\/"},"modified":"2025-09-02T06:30:00","modified_gmt":"2025-09-01T22:30:00","slug":"treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes","status":"publish","type":"post","link":"https:\/\/multimetro.hk\/plus\/2025\/09\/02\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\/","title":{"rendered":"Treasury Secretary Bessent says Fed should be independent but has made mistakes"},"content":{"rendered":"

U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Donald Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently took aim at Powell over a costly renovation of the bank’s Washington
headquarters.
“The Fed should be independent. The Fed is independent, but I, I also think that they’ve made a lot of mistakes,” Bessent told Reuters in an interview at a diner in suburban Washington.
Independent central banks are widely seen as crucial to a stable global financial system. Bessent said the makeup of the Fed board – with regional bank<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Donald Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-32770","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nTreasury Secretary Bessent says Fed should be independent but has made mistakes - Metro Plus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/multimetro.hk\/plus\/2025\/09\/02\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury Secretary Bessent says Fed should be independent but has made mistakes - Metro Plus\" \/>\n<meta property=\"og:description\" content=\"U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Donald Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/multimetro.hk\/plus\/2025\/09\/02\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\/\" \/>\n<meta property=\"og:site_name\" content=\"Metro Plus\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-01T22:30:00+00:00\" \/>\n<meta name=\"author\" content=\"Metro Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Metro Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/2025\\\/09\\\/02\\\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/2025\\\/09\\\/02\\\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\\\/\"},\"author\":{\"name\":\"Metro Admin\",\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/#\\\/schema\\\/person\\\/6bbe2f487494b6f04d542440127c7895\"},\"headline\":\"Treasury Secretary Bessent says Fed should be independent but has made mistakes\",\"datePublished\":\"2025-09-01T22:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/2025\\\/09\\\/02\\\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\\\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/2025\\\/09\\\/02\\\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\\\/\",\"url\":\"https:\\\/\\\/multimetro.hk\\\/plus\\\/2025\\\/09\\\/02\\\/treasury-secretary-bessent-says-fed-should-be-independent-but-has-made-mistakes\\\/\",\"name\":\"Treasury Secretary Bessent says Fed should be independent but has made mistakes - 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