Bessent Critiques Fed's Interest Rate Management

U.S. Treasury Secretary Scott Bessent criticizes the Federal Reserves complex interest rate management, suggesting simplification. The Feds ample-reserves regime is under scrutiny due to liquidity challenges. Despite market turbulence, the current system has broad support, but ending it could increase borrowing costs. Fed officials may soon need to increase holdings, potentially conflicting with Bessents preference for smaller holdings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.