Connect with us

Politics

Treasury Secretary Scott Bessent Demands Sweeping Review of Entire Federal Reserve

Published

2 months ago

on

Treasury Secretary Scott Bessent called out the Federal Reserve on Monday, blasting Chair Jerome Powell’s stewardship and demanding an institution-wide review of the central bank’s performance, bloated bureaucracy, and disturbing deviation from its core mission.

“What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during CNBC interview. “If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.”

Bessent specifically torched the Fed for its elitist groupthink and catastrophic predictions on tariffs and inflation.

“They were fear-mongering over tariffs, and thus far we have seen very little, if any, inflation. We’ve had great inflation numbers. So, you know, I think this idea [is] of them not being able to break out of a certain mindset. All these Ph.D.s over there, I don’t know what they do.”

Later, Bessent took to X to double down, releasing a scathing statement demanding a full-scale institutional audit — not just of monetary policy, but of the Fed’s ever-growing empire of unchecked influence and wasteful expenditures.

“Today in a CNBC interview, I called for a review of the Federal Reserve. It is my belief that the central bank should conduct an exhaustive internal review of its non-monetary policy operations. Significant mission creep and institutional growth have taken the Fed into areas that potentially jeopardize the independence of its core monetary policy mission.

As I have said many times, the Fed’s conduct of monetary policy “is a jewel box” that should be walled off to preserve its independence. This independence is a cornerstone of continued U.S. economic growth and stability.

However, this autonomy is threatened by persistent mandate creep into areas beyond its core mission, provoking justifiable criticism that unnecessarily casts a cloud over the Fed’s valuable independence on monetary policy.

While I have no knowledge or opinion on the legal basis for the massive building renovations being undertaken on Constitution Avenue, a review of the decision to undertake such a project by an institution reporting operating losses of more than $100 billion per year should be conducted.

The Fed does regular reviews of its monetary policy framework. I would urge Fed leadership to similarly undertake, publish and implement a comprehensive institutional review across its entire mission to buttress its credibility. It will go a long way towards strengthening the Fed’s credibility with the American people on its core mission of guiding our nation’s monetary policy.”

The post Treasury Secretary Scott Bessent Demands Sweeping Review of Entire Federal Reserve appeared first on The Gateway Pundit.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Black Lives Matter Activist in Boston Pleads Guilty to Federal Fraud Charges – Scammed Donors to Fund Her Lifestyle

Published

23 hours ago

on

September 24, 2025

By

Screencap of YouTube video.

A Black Lives Matter activist in Boston named Monica Cannon-Grant pleaded guilty to federal charges this week, admitting that she scammed donors and used their money to fund her own lavish lifestyle.

Cannon-Grant was previously held up as an admired figure. The city of Boston named her the Bostonian of the year at one point for her ‘social justice activism’ and she was even recognized by the Boston Celtics basketball team for her efforts.

She is now facing a minimum of two years in prison.

The New York Post reports:

BLM-linked activist admits conning donors to fund her lavish lifestyle

A once-celebrated Boston social activist has pleaded guilty to defrauding donors — including Black Lives Matter — out of thousands of dollars that she used as a personal piggy bank.

Monica Cannon-Grant, 44, pleaded guilty Monday to 18 counts of fraud-related crimes that she committed with her late husband while operating their Violence in Boston (VIB) activists group, according to the US Attorney’s Office in Massachusetts.

The activist scammed money — including $3,000 from a BLM group — while claiming it was to help feed children and run protests like one in 2020 over the murder of George Floyd and police violence.

Cannon-Grant also conned her way into getting $100,000 in federal pandemic-related unemployment benefits — which she used to pay off her personal auto loan and car insurance policy.

But she has now confessed to transferring funds to personal bank accounts to pay for rent, shopping sprees, delivery meals, visits to a nail salon — and even a summer vacation to Maryland.

Just amazing.

Here’s a local video report:

She should pay back every penny.

The post Black Lives Matter Activist in Boston Pleads Guilty to Federal Fraud Charges – Scammed Donors to Fund Her Lifestyle appeared first on The Gateway Pundit.

Continue Reading

Politics

Keith Olbermann Backpedals Furiously With Apology for Threatening CNN’s Scott Jennings – Jennings Responds (VIDEO)

Published

23 hours ago

on

September 24, 2025

By

As the Gateway Pundit reported yesterday, former MSNBC host and generally unhinged leftist Keith Olbermann, appeared to threaten CNN’s conservative pundit Scott Jennings on Twitter saying, ‘You’re next motherf**ker.’

Well, Olbermann may have gotten a phone call or a visit from the FBI because today he walked back those comments with a full-throated apology.

RedState has an update:

To quickly recap, Scott Jennings, a Salem Media Network radio host and conservative CNN political commentator, reacted to breaking news on Monday that Kimmel had been reinstated by tweeting, “So basically his employer suspended him for being an insensitive pr**k, and we don’t live in an authoritarian regime? Got it.”

This enraged Olbermann, who proceeded to tweet what many, including Jennings, perceived to be a threat. “You’re next, motherf**ker. But keep mugging to the camera.” Jennings tagged Patel and included a screengrab of the tweets in response.

Though the FBI hasn’t commented as to whether an investigation was launched, Olbermann ostensibly appears to have thought twice about what he tweeted and deleted, apologizing profusely in tweets posted on Tuesday and claiming what he wrote was “misinterpreted”:

See Olbermann’s tweet below:

Scott Jennings, always a class act, offered this hilarious response:

Keith Olbermann really needs help. The guy is just so out of control.

The post Keith Olbermann Backpedals Furiously With Apology for Threatening CNN’s Scott Jennings – Jennings Responds (VIDEO) appeared first on The Gateway Pundit.

Continue Reading

Politics

Where is Lance Twiggs? Kirk Assassin’s Transgender Lover Has Vanished

Published

23 hours ago

on

September 24, 2025

By

Charlie Kirk assassin Tyler Robinson and roommate Lance Twiggs

Charlie Kirk assassin Tyler Robinson lived with his transgender partner – a male-to-female trans named Lance “Luna” Twiggs.

The FBI used Robinson’s texts with his transgender partner to solidify that Robinson was the assassin. Lance Twiggs has not been charged with any crime; however, federal authorities are still investigating.

Last week, Utah authorities released the text exchange between Tyler Robinson and his transgender lover, Lance Twiggs, sent shortly after Kirk’s assassination.

Utah County District Attorney Jeff Gray announced seven charges against Charlie Kirk assassin Tyler Robinson. They will also be seeking the death penalty.

Robinson was charged with:

– Count 1: Aggravated murder (capital offense)
– Count 2: Felony reckless discharge of a firearm causing bodily injury
– Count 3: Felony obstruction of justice for hiding the firearm
– Count 4: Felony obstruction of justice for discarding the clothing he wore during the shooting
– Count 5: Witness tampering for asking roommate to delete incriminating messages
– Count 6: Witness temperating for demanding trans roommate stay silent, and not speak to police
– Count 7: Commission of a violent offense in the presence of a child

Jeff Gray released the chilling texts between Tyler Robinson and his “love” Lance Twiggs.

Read the text exchange here:

Tyler Robinson texts with transgender lover Lance Twiggs / 1
Kirk assassin Tyler Robinson texts with transgender lover Lance Twiggs / 2

Lance Twiggs was reportedly cooperating with the FBI, however, according to the Daily Mail he has seemingly vanished.

“If [Lance Twiggs] ever comes back, it will be in a body bag,” a neighbor said to the Daily Mail. “That’s not a threat – I’m just saying that there are so many people who want a piece of him he’d be mad to show his face in public again. This was a generational event.”

The Daily Mail reported:

The Trans boyfriend of Charlie Kirk’s alleged assassin has fled their former lovenest – and locals tell the Daily Mail they never want to see him again.

Lance Twiggs, 22, was led away for questioning when police swooped on the smart three-bed condo he shared with accused gunman Tyler Robinson, 22.

Shaken neighbors say the part time plumber has not been back to the $320,000 property in St. George, Utah – one declaring: ‘Good riddance. I never want to see either of them again.’

His beaten-up Infinity compact is still parked in his space with his work gear tossed across the back seat and a sandwich wrapper and a drink on the front passenger seat.

Upstairs lights have been left on for more than a week and notes and Amazon packages are piling up outside the home owned by Twiggs’s devout Mormon family.

The post Where is Lance Twiggs? Kirk Assassin’s Transgender Lover Has Vanished appeared first on The Gateway Pundit.

Continue Reading

Trending