US Finance Minister Scott Bessed stressed the latter that the US Central Bank (FED) remains and must continue to be independent, but noted that “he has made many mistakes”. At the same time, he defended President Trump’s decision to dismiss Lisa Cook from the Fed Board of Directors, accusing her of alleged mortgage fraud. US President Donald Trump has been criticizing the Fed for months and personally its chief, Jerome Powell, for not reducing interest rates. Recently Trump attacked Powell on the occasion of a costly renovation of the Fed’s central offices in Washington. “The Fed should be independent. Fed is independent. But I also think he has made a lot of mistakes, “US Finance Minister Bessed told reporters in a Washington suburb. Scott Bessed also said he is not worried about the dollar position compared to the euro, as the European currency is expected strong […]
Source: News Beast
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