Politics
Trump would decide whether to investigate Fed pick Warsh over refusal to cut rates: Bessent
Key Points
- Under questioning from Sen. Elizabeth Warren, Treasury Secretary Scott Bessent would not rule out the potential for a DOJ investigation into Federal Reserve Chair nominee Kevin Warsh over interest rates.
- Bessent was on the Hill for the second consecutive day Thursday after House Democrats hammered him on inflation, Fed independence and cryptocurrency regulation on Wednesday.
- The DOJ’s investigation into current Federal Reserve Chair Jerome Powell has raised questions about the independence of the country’s central bank.
