Treasury Secretary Scott Bessent dismissed MSNBC host Jonathan Lemire’s negatively framed questions on Wednesday about President Donald Trump’s stance against

One of the Federal Reserve's five female regional bank presidents could replace U.S. central bank chief Jerome Powell, Treasury Secretary Scott Bessent said on Tuesday - an intriguing comment given that none of the 12 Fed regional bank presidents have signaled they are on board with the immediate cut in interest rates demanded by President Donald Trump.

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.

The S&P 500's record close comes despite the Trump administration's beef with threats on the Fed and its use of tariffs as a bargaining tool.

President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”