US Treasury Secretary Bessant: The Federal Reserve lost billions of dollars due to inappropriate timing of asset purchases.

U.S. Treasury Secretary Bessant stated that the Federal Reserve has lost billions of dollars due to inappropriate timing of asset purchases, that Powell's appearance at the Supreme Court hearing on Cook was a mistake, and that the Fed's monetary independence is crucial. President Trump is expected to make a decision on the Fed chair as early as next week; we now have only four candidates left. (Jinshi)