Bessent Says Fed Lacks Accountability and Has Lost Public Trust

In a House committee hearing, the Treasury secretary declined to say if the president has the power to fire a member of the central bank’s board.

Feb 5, 2026 - 01:50
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Bessent Says Fed Lacks Accountability and Has Lost Public Trust
In a House committee hearing, the Treasury secretary declined to say if the president has the power to fire a member of the central bank’s board.

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