U.S. Treasury Secretary Bessent: Fed Loses Billions Due to Poor Timing of Asset Purchases

Odaily News: U.S. Treasury Secretary Bessent stated that the Federal Reserve lost billions of dollars due to poor timing of asset purchases. Powell's attendance at the Supreme Court's Cook hearing was a mistake, and the Fed's monetary independence is very important. U.S. President Trump could make a decision on the Federal Reserve Chair nominee as early as next week; we are now down to four candidates. (Jin10)