The Federal Reserve should answer to democratically elected leaders

How issuers manage money supply, inflation, and interest rates. These rules make or break a currency's credibility as a store of value.

Treasury Secretary Scott Bessent testified before the House Financial Services Committee on September 15, 2026, in its annual review of the international financial system and U.S. roles at the IMF and World Bank. Bessent defended a $6 billion long-dated debt buyback as successful despite rising Treasury yields.

A September 30, 2026, report by the Federal Reserve inspector general found no reasonable grounds to believe Jerome Powell or other officials violated criminal law in the headquarters renovation. It found cost overruns and inadequate contract execution and project governance while identifying no administrative misconduct.