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Treasury Secretary Scott Bessent Demands Sweeping Review of Entire Federal Reserve

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2 months ago

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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.”

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Politics

President Trump Taps Dr. Ben Carson for New Role — A HUGE Win for America First Agenda

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22 minutes ago

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September 25, 2025

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Dr. Ben Carson is the newest member of the Trump administration.

On Wednesday, former Secretary of the Department of Housing and Urban Development, Ben Carson, was sworn in as the national adviser for nutrition, health, and housing at the U.S. Department of Agriculture.

Agriculture Secretary Brooke Rollins shared that Carson’s role will be to oversee Trump’s new Big Beautiful Bill law, which aims to ensure Americans’ quality of life, from nutrition to stable housing.

After being sworn in, Carson shared, “Today, too many Americans are suffering from the effects of poor nutrition. Through common-sense policymaking, we have an opportunity to give our most vulnerable families the tools they need to flourish.”

Table of Contents

WATCH:

Per USDA:

Today, U.S. Secretary of Agriculture Brooke L. Rollins announced that Dr. Benjamin S. Carson, Sr., M.D., was sworn in as the National Advisor for Nutrition, Health, and Housing at the U.S. Department of Agriculture (USDA).

“There is no one more qualified than Dr. Carson to advise on policies that improve Americans’ everyday quality of life, from nutrition to healthcare quality to ensuring families have access to safe and stable housing,” said Secretary Rollins.

“With six in ten Americans living with at least one chronic disease, and rural communities facing unique challenges with respect to adequate housing, Dr. Carson’s insight and experience is critical. Dr. Carson will be crucial to implementing the rural health investment provisions of the One Big Beautiful Bill and advise on America First polices related to nutrition, health, and housing.

“As the U.S. Secretary of Housing and Urban Development in the first Trump Administration, Dr. Carson worked to expand opportunity and strengthen communities, and we are honored to welcome him to the second Trump Administration to help lead our efforts here at USDA to Make America Healthy Again and ensure rural America continues to prosper.”

“Today, too many Americans are suffering from the effects of poor nutrition. Through common-sense policymaking, we have an opportunity to give our most vulnerable families the tools they need to flourish,” said Dr. Ben Carson. “I am honored to work with Secretary Rollins on these important initiatives to help fulfill President Trump’s vision for a healthier, stronger America.”

On Sunday, Dr. Carson was one of the many speakers at the memorial service of the late TPUSA founder Charlie Kirk.

During the memorial service, Carson highlighted that Kirk was shot at 12:24 p.m. and then continued to share the Bible verse John 12:24, which reads, “Verily, verily, I say unto you, Except a corn of wheat fall into the ground and die, it abideth alone: but if it die, it bringeth forth much fruit.”

WATCH:

The post President Trump Taps Dr. Ben Carson for New Role — A HUGE Win for America First Agenda appeared first on The Gateway Pundit.

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LEAKED MEMO: Deep State Prosecutors in the Eastern District of Virginia Claim There Isn’t Enough Evidence to Convict Comey Amid Reports of Imminent Indictment

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28 minutes ago

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September 25, 2025

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On Wednesday evening, disgruntled officials in the Eastern District of Virginia leaked contents of a memo explaining why charges should not be brought against James Comey.

As reported earlier, former FBI Director James Comey is expected to be indicted in the Eastern District of Virginia in the next few days.

Comey will reportedly be charged for lying to Congress in a 2020 testimony about whether he authorized leaks to the media.

Officials in the Eastern District of Virginia are still fighting to stop Comey from being charged after Trump fired US Attorney Erik Siebert.

President Trump last week fired Erik Siebert as the US Attorney for the Eastern District of Virginia because he refused to bring charges against Letitia James, Comey, Schiff and others.

On Saturday evening, President Trump announced that he had appointed Lindsey Halligan – his personal attorney who defended him against the Mar-a-Lago raid – as US Attorney for the Eastern District of Virginia.

Now, with just days to go before the statute of limitations runs out to charge Comey for lying during a September 30, 2020 testimony, Lindsey Halligan is reportedly gearing up to indict Comey.

Prosecutors reportedly gave newly sworn-in Halligan a memo defending James Comey and explaining why charges should not brought against the fired FBI Director.

Per MSNBC’s Ken Dilanian:

Two sources familiar with the matter tell me prosecutors in the EDVA US attorney‘s office presented newly sworn US attorney Lindsey Halligan with a memo explaining why charges should not be brought against James Comey, because there isn’t enough evidence to establish probable cause a crime was committed, let alone enough to convince a jury to convict him.

Justice Department guidelines say a case should not be brought unless prosecutors believe it’s more likely than not that they can win a conviction beyond a reasonable doubt.

The post LEAKED MEMO: Deep State Prosecutors in the Eastern District of Virginia Claim There Isn’t Enough Evidence to Convict Comey Amid Reports of Imminent Indictment appeared first on The Gateway Pundit.

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Nearly 8 in 10 Voters Say the United States is in Political Crisis After the Assassination of Charlie Kirk

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40 minutes ago

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September 25, 2025

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Nearly eight in ten voters believe that the United States is in a political crisis in the wake of the assassination of conservative icon Charlie Kirk.

According to a Quinnipiac University national poll of registered voters released on Wednesday, a massive 93 percent of Democrats, 84 percent of independents, and 60 percent of Republicans said the nation is in a political crisis.

“The Kirk assassination lays bare raw, bipartisan concerns about where the country is headed,” Quinnipiac University Polling Analyst Tim Malloy said of the poll results.

Quinnipiac reports:

Seventy-one percent of voters think politically motivated violence in the United States today is a very serious problem, 22 percent think it is a somewhat serious problem, 3 percent think it is a not so serious problem, and 1 percent think it is not a problem at all.

This is a jump from Quinnipiac University’s June 26 poll when 54 percent thought politically motivated violence in the United States today was a very serious problem, 37 percent thought it was a somewhat serious problem, 6 percent thought it was a not so serious problem, and 2 percent thought it was not a problem at all.

Nearly 6 in 10 voters (58 percent) think it will not be possible to lower the temperature on political rhetoric and speech in the United States, while 34 percent think it will be possible.

Over half, 54 percent, of voters believe the US will see increased political violence over the next few years. Another 27 percent said they think it will stay “about the same,” while just 14 percent believe it will ease.

A 53 percent majority also said they are “pessimistic about freedom of speech being protected in the United States.”

Surprisingly, a 53 percent majority also believes the current system of democracy is not working.

“From a perceived assault on freedom of speech to the fragility of the democracy, a shudder of concern and pessimism rattles a broad swath of the electorate. Nearly 80 percent of registered voters feel they are witnessing a political crisis, seven in ten say political violence is a very serious problem, and a majority say this discord won’t go away anytime soon,” Malloy added.

The vast majority, 82 percent, said the way that people discuss politics is contributing to the violence.

“When asked if political discourse is contributing to violence, a rare meeting of the minds…Republicans, Democrats, and independents in equal numbers say yes, it is,” Malloy said.

The survey was conducted from September 18 to 21 among 1,276 registered voters with a margin of error of +/- 3.3 percentage points.

The post Nearly 8 in 10 Voters Say the United States is in Political Crisis After the Assassination of Charlie Kirk appeared first on The Gateway Pundit.

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