Posted on 07/22/2025 1:54:42 PM PDT by Sparticus
Bessent, one of the easiest going, most accessible, truly fantastic Trump cabinet members (out of a superb and stellar cast of characters, I might add), has called for a look-see into exactly what's been going on in the House of Powell.
Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function.
“What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? 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.”
(Excerpt) Read more at hotair.com ...
Doge the Fed up!
Take a look at it?
It should have been smothered in its crib 112 years ago.
Bessent has proven to be an excellent pick as has most of the Trump 2.0’s. There is one glaring one who a would not include.
ok. but first, what happened to that promised audit of Fort Knox?
fed audit away all you want, as long as you then get rid of it.
Dismantle the FED!
The left despises Scott Bessent.
If Ron Paul says we don’t need it I believe him.
What happens if the Fed fails an audit?
Will it be perpetual failures like the pentagon?
bookmark
Congress should pass a law that Congress must approve all salaries, bonuses, and perks for the Fed directors based upon performance as a minimum although doing away with it would be optimal.
I dearly hope that Bessent gets his wish. The FED has not done a thing in the last 60 years but keep the economy in a turmoil and has failed in it’s supposed mission to moderate the economy. The FED has zero motivation to do anything that does not benefit the FED first as a private corporation with a federal sanction to steal.
The Creature from Jekyll Island.
I had an economics class at LSU and the professor was good. One time, when he was teaching about the Fed, he took what turned out to be about the last fifteen minutes of class to draw up diagrams on two boards describing how the Fed works. It just so happened that he finished just before the bell, and the whole class gasped in anger and disbelief. The Fed, does in fact, create money out of nothing and charges interest on it.
I like Scott for Telling the best aged to stay in their lane! This is a good thing!
BINGO!!!! LET THE DOGE IN THERE!!!
I bet there is NO gold at Ft. Knox.
I’ll bet you a gold bar that there is.
I’ll bet you a gold bar that there is.
at this point, you got to wonder...
My best friend and I are total Scott Bessent fan girls. 😉
Investigating the Fed is like going into the devil’s den, the belly of the beast, the elites treasure trove, and be damn sure you kill it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.