Treasury Secretary Scott Bessent on Thursday left open the possibility the administration could sue President Donald Trump’s pick for Federal Reserve chair, Kevin Warsh, if he doesn’t deliver on the president’s desired interest rate cuts.
Trump said Saturday he would consider suing Warsh if he did not cut interest rates. The Fed is an independent agency.
When asked by Sen. Elizabeth Warren (D-Mass.) during a Senate Banking Committee hearing about the possibility of a lawsuit, Bessent refused to answer.
“That is up to the president,” he said, before adding: “Warsh is highly qualified.”
The Trump administration, including Bessent, has been sharply…
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