Bessent says he has no opinion on Trump authority to fire Fed officials over policy disputes
ReutersFeb 4, 2026 6:17 PM
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he has no opinion on whether the president has a constitutional authority to fire a Federal Reserve chair or board member because of a monetary policy disagreement, but he considers the central bank an independent agency.
Bessent told a U.S. House of Representatives Financial Services Committee hearing that he was also still seeing strong foreign inflows into U.S. Treasury debt, U.S. equities and into foreign direct investment into the United States.
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