Bessent Calls For Review of Fed’s Building Renovations
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Eric Lee/Bloomberg
Good morning. The US Treasury secretary calls for a review of the Federal Reserve’s renovation of its headquarters. The Bank of England is said to be considering shelving plans for a digital pound. And Victoria Beckham’s fashion company is on the road to profitability. Listen to the day’s top stories.
US Treasury Secretary Scott Bessent said there should be review of the Federal Reserve’s decision to renovate its headquarters. The central bank should conduct an internal examination of its non-monetary policy operations given the “significant mission creep,” he posted on X.