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Scott Bessent: Fed coverage criticized for focus on backroom gossip

Scott Bessent: Fed coverage criticized for focus on backroom gossip
Fed coverage criticized for focus on gossip

Scott Bessent, 79th U.S. Secretary of the Treasury and founder of Key Square Group, criticized financial journalists for focusing on Federal Reserve backroom gossip instead of providing robust economic or monetary policy analysis.

Bessent singled out reporters who cover the Fed, contending that some major financial journalists simply repeat insider accounts rather than offer meaningful policy insights.

Earlier this year, Bessent said the Treasury would continue targeting financial networks providing support to IRGC or Mahan Air by restricting access to U.S. markets, according to previous statements. The U.S. Treasury also sanctioned digital wallets linked to Iran’s central bank, freezing over $130 million in assets, as reported earlier. Bessent’s comments come amid ongoing scrutiny of financial reporting on monetary policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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