US Treasury Secretary Scott Bessent accused Federal Reserve Chairman Jerome Powell on Wednesday of "politicizing" the institution

US Treasury Secretary Scott Bessent accused Federal Reserve Chairman Jerome Powell on Wednesday of "politicizing" the institution

 Elodie LE MAOU

US Treasury Secretary Scott Bessent accused Federal Reserve Chairman Jerome Powell on Wednesday of "politicizing" the institution as the Trump administration intensified its pressure campaign on the central bank.

President Donald Trump has railed against Powell for not moving faster to lower interest rates, and the Justice Department this month launched a criminal investigation into Powell -- a move former Fed chairs labeled an effort to undermine the central bank's independence.

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