Sen. Elizabeth Warren (D-Mass.) urged President-elect Trump’s pick for Treasury secretary, billionaire investor Scott Bessent, to not interfere with the Federal Reserve. “I have been a fierce

Sen. Elizabeth Warren on Monday warned Donald Trump’s nominee to head the Treasury Department against interfering with the independence of the Federal Reserve. Scott Bessent has floated the idea of a “shadow Fed chair” who would be nominated and confirmed more than a year before current Fed Chair Jerome Powell’s term ends in May 2026.

It would be a serious error for the Trump administration to interfere with the Fed’s independence,” Warren said.

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Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Treasury Department.

Scott Bessent, who is Donald Trump’s pick for Treasury secretary, told the Wall Street Journal that he’ll focus on following through on the president-elect’s tax cut and tariff pledges once he takes office.

Donald Trump has picked Scott Bessent to serve as Treasury secretary. President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary could lift some of the gloom that has pervaded the sagging U.