Bessent says it would be up to Trump whether to sue his Fed nominee over interest rates
Treasury Secretary Scott Bessent indicated the president would decide on suing Federal Reserve nominee Kevin Warsh if interest rates are not lowered. This statement followed remarks by Donald Trump, later called a joke, which raised concerns. Senator Elizabeth Warren questioned Bessent about the potential for legal action. Senator Thom Tillis expressed unease about such possibilities, emphasizing the Fed's independence.
Treasury Secretary Scott Bessent indicated the president would decide on suing Federal Reserve nominee Kevin Warsh if interest rates are not lowered. This statement followed remarks by Donald Trump, later called a joke, which raised concerns. Senator Elizabeth Warren questioned Bessent about the potential for legal action. Senator Thom Tillis expressed unease about such possibilities, emphasizing the Fed's independence.
