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flag Treasury Secretary Bessent calls for a review of the Federal Reserve's powers, adding tension with the White House.

flag US Treasury Secretary Scott Bessent has criticized the Federal Reserve, calling for a comprehensive review of its operations and powers. flag He argues that the central bank should focus on monetary policy rather than bank supervision and has accused it of contributing to inflation and income inequality. flag President Trump is considering potential successors to Federal Reserve Chairman Jerome Powell, with Bessent's views adding to the tension between the White House and the Fed.

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