Treasury Secretary Scott Bessent said it was a mistake for Jerome Powell to attend arguments in a case on Fed independence. But Mr. Bessent attended a tariff case.
“If you’re trying not to politicize the Fed, for the Fed chair to be sitting there trying to put his thumb on the scale is a real mistake,” Treasury Secretary Scott Bessent said.
An exhibit at a conference held by Nvidia, which makes chips that power artificial intelligence. Surging investment in technology is poised this year to offset the headwinds of rising protectionism.
Global economic leaders have expressed concern about the credibility of the world’s most important economic institution after the Justice Department’s announcement of an investigation into the Federal Reserve chair, Jerome H. Powell.
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