Powell Is 'Politicizing the Fed,' Bessent Says

• Bessent, a political appointee, criticizes Fed Chair Powell for 'politicizing the Fed' and supporting Governor Lisa Cook despite 'unproven mortgage fraud allegations'.
• He expresses frustration that the Fed has refused an internal investigation into these allegations, which he believes could have been avoided.
• Bessent highlights that 4-6 out of 19 Fed governors and bank presidents have stepped down for ethical lapses under Powell's watch, suggesting a 'failure to supervise problem'.

US Treasury Secretary Scott Bessent criticizes Federal Reserve Chair Jerome Powell, accusing him of 'politicizing the Fed' and failing to address ethical lapses, including 'unproven mortgage fraud allegations' against Governor Lisa Cook. Bessent expresses frustration over the Fed's refusal to conduct an internal investigation into these matters.