Bessent Calls for Curb on Fed Authority, Accuses It of ‘Gain-of-Function’ Monetary Experiments That Distort Economy
Treasury Secretary Scott Bessent speaks to reporters during a briefing at the White House in Washington, on April 29, 2025. Travis Gillmore/The Epoch Times Treasury Secretary Scott Bessent ramped up his criticism of the Federal Reserve on Sept. 5, accusing it of running risky “gain-of-function” monetary experiments that warped financial markets, rewarded asset holders, and