U.S. Treasury Secretary Yellen: The Federal Reserve must restore its credibility as an independent institution

Jinse Finance reported that U.S. Treasury Secretary Bessent stated: In order to ensure the future and the stability of the U.S. economy, the Federal Reserve must reestablish its credibility as an independent institution. There must be an honest, independent, and nonpartisan review of the entire institution, including monetary policy, regulation, communication, staffing, and research. Looking ahead, the Federal Reserve must reduce the distortions it causes to the economy.