U.S. Treasury Secretary Comments On Federal Reserve Leadership

According to Odaily, U.S. Treasury Secretary Scott Besant stated that he will not criticize the Federal Reserve Chairman and noted that the Trump administration is not focused on whether the Federal Reserve will lower the benchmark policy rate. This statement is noteworthy given that U.S. President Donald Trump frequently criticized Federal Reserve Chairman Jerome Powell during his first term, often calling for interest rate cuts and considering the possibility of dismissing Powell. In an interview on Thursday, Besant remarked on Powell, saying, "I will not comment on monetary policy. I trust he will do the right thing, so there will be no criticism."