Bessent Says Powell Attending Supreme Court Hearing Is ‘Mistake’
Bloomberg • • business
Key Points:
- Treasury Secretary Scott Bessent criticized Federal Reserve Chair Jerome Powell for planning to attend a Supreme Court hearing related to the president’s attempt to dismiss a central bank governor.
- Bessent argued that Powell's attendance could politicize the Federal Reserve, which should remain independent and impartial.
- The comments were made during an interview at the World Economic Forum in Davos, Switzerland.
