Treasury Secretary Scott Bessent called for a comprehensive review of the Federal Reserve's performance beyond the recent controversy over building renovations. Amid tensions between the White House and the central bank, conflicting reports emerged about President Trump considering firing Fed Chair Jerome Powell. Bessent, a potential successor at the Fed, denied reports of mediating to dissuade Trump from ousting Powell, emphasizing that the decision ultimately rests with the President. Trump has urged the Fed to lower interest rates, citing moderate inflation, while criticizing the central bank for cost overruns in its building renovation project. Bessent supported the idea of easing interest rates given the current economic conditions.