US Treasury chief says Fed’s performance must be examined
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WASHINGTON: US Treasury Secretary Scott Bessent said on Monday (July 21) that the role and performance of the Federal Reserve should be scrutinised, as President Donald Trump intensified pressure on the independent central bank. Fed Chair Jerome Powell’s term ends in May 2026, but Trump has recently targeted the Fed’s US$2.5 billion renovation project as a potential justification for removing him. The fresh criticism follows months of attacks on Powell for keeping interest rates steady this
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