Besant: To ensure the future and the stability of the U.S. economy, the Federal Reserve must restore its credibility as an independent institution

ChainCatcher news, according to Jinshi citing the Wall Street Journal, U.S. Treasury Secretary Besant stated that in order to ensure the future and stability of the U.S. economy, the Federal Reserve must re-establish its credibility as an independent institution.

An honest, independent, and non-partisan review of the entire institution must be conducted, including monetary policy, regulation, communication, staffing, and research. Looking ahead, the Federal Reserve must reduce the distortions it causes to the economy.