Treasury Secretary Scott Bessent Calls For Thorough Review of ENTIRE Federal Reserve

Treasury Secretary Scott Bessent let loose on the Federal Reserve today.

During an interview on CNBC, Bessent called out Jerome Powell and demanded a sweeping review of the “entire Federal Reserve institution and whether they have been successful.”

He went after the so-called ‘experts’ at the Fed for their endless fearmongering over tariffs and inflation, saying,

“All these Ph.D.s over there, I don’t know what they do!”

Watch what he had to say for yourself:

🚨 BREAKING: Treasury Secretary Scott Bessent demands a THOROUGH REVIEW of the "ENTIRE Federal Reserve System."

YES. Audit the Fed.

"All these PhDs over there, I don't know what they do!"

"What we need to do is examine the entire Federal Reserve institution, and whether they… pic.twitter.com/MZYVGG2ay6

— Eric Daugherty (@EricLDaugh) July 21, 2025

Later on, Secretary Bessent doubled down in a lengthy post on X.

Read his full statement here:

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…

— Treasury Secretary Scott Bessent (@SecScottBessent) July 21, 2025