Washington, July 21, 2025 (AFP) - US Treasury chief says needs to 'examine' Fed's performance

NAMPA / AFP
2025-07-21
US Treasury Secretary Scott Bessent said Monday that the institution of the Federal Reserve -- and whether it has been successful -- must be examined, as President Donald Trump escalates pressure on the independent central bank. While Jerome Powell's term as Fed chief ends in May 2026, Trump has recently zoomed in on the Fed's $2.5 billion renovation project as a possible avenue for his ousting. The fresh attacks came after months of criticism ai......
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OSHAKATI, 09 July 2025 - Newly appointed governor Hofni Iipinge and former governor Elia Irimari during the welcoming ceremony of the governor on Wednesday. (Photo: Maria David)NAMPA

OSHAKATI, 09 July 2025 - Newly appointed governor Hofni Iipinge and former governor Elia Irimari during the welcoming ceremony of the governor on Wednesday. (Photo: Maria David)NAMPA

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SWAKOPMUND, 08 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

SWAKOPMUND, 08 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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SWAKOPMUND, 09 July 2025 – One of the Namibian swimmers pictured ahead of a race during the African Union Sports Council (AUSC) Region Five Games, at the Cube swimming centre in Swakopmund. (Photo: Contributed)

SWAKOPMUND, 09 July 2025 – One of the Namibian swimmers pictured ahead of a race during the African Union Sports Council (AUSC) Region Five Games, at the Cube swimming centre in Swakopmund. (Photo: Contributed)

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WINDHOEK, 09 July 2025 - The Indian community in Namibia welcoming India’s Prime Minister, Narendra Modi in Windhoek. (Photo by: Eba Kandovazu) NAMPA

WINDHOEK, 09 July 2025 - The Indian community in Namibia welcoming India’s Prime Minister, Narendra Modi in Windhoek. (Photo by: Eba Kandovazu) NAMPA

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WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Eba Kandovazu) NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Eba Kandovazu) NAMPA

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WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Edward Tenete) NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Edward Tenete) NAMPA

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RUNDU, 08 July 2025 - The Chief Executive Officer of the Rundu Town Council, Olavi Nathael. (Photo: Contributed)

RUNDU, 08 July 2025 - The Chief Executive Officer of the Rundu Town Council, Olavi Nathael. (Photo: Contributed)

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