U.S. Treasury Secretary Janet Yellen has expressed many criticisms of the Federal Reserve, calling for a review

Wallstreetcn
2025.09.05 16:09

U.S. Treasury Secretary Becerra wrote in a Wall Street Journal column that "task delays" jeopardize the independence of the Federal Reserve's monetary policy.

The Federal Reserve must "change course."

The Federal Reserve's toolbox is "too complex and difficult to manage."

The Federal Reserve's forecasts are too pessimistic, relying on "numerous flawed models."

The Federal Reserve has exceeded its mandate (achieving full employment + maintaining price stability), which undermines its credibility.

The Federal Reserve must reduce the distortions it causes to the U.S. economy.

Specific regulations should be reshaped.

The Federal Reserve should coordinate with the (Trump) administration on those "unusual/unacceptable" policies.

The Federal Reserve's regulatory reach has extended too far.

Calls for a separate, politically neutral review of the Federal Reserve