Scott Bessent Blasts Jerome Powell For Going To Bat For Fed Gov Accused Of Mortgage Fraud
Treasury Secretary Scott Bessent alleged Wednesday at the World Economic Forum (WEF) that referred Federal Reserve Chairman Jerome Powell has recently been “politicizing” the central bank by supporting its embattled…
Treasury Secretary Scott Bessent alleged Wednesday at the World Economic Forum (WEF) that referred Federal Reserve Chairman Jerome Powell has recently been “politicizing” the central bank by supporting its embattled governor.
Bessent criticized Powell for reportedly planning to be present at a Wednesday Supreme Court hearing on President Donald Trump’s attempt to oust Fed Gov. Lisa Cook over mortgage fraud allegations, calling the move “a political statement,” Barrons reported, citing Agence France Presse (AFP). Bessent’s comments come after the Department of Justice (DOJ) opened a criminal investigation into Powell earlier in January.
“I am not sure why Chair Powell would go and support Governor Cook when the Fed has not undertaken an examination of whether she did in fact commit mortgage fraud,” Bessent told reporters Wednesday from USA House at the WEF in