U.S. Treasury Secretary Scott Bessent has intensified his critique of the Federal Reserve by calling for significant reforms, alleging that the central bank is fueling inflation and disparity. This criticism comes amid President Donald Trump's contemplation of potential replacements for Fed Chair Jerome Powell. In an op-ed for The Wall Street Journal, Bessent advocated for a comprehensive assessment of the Fed, encompassing its ability to determine interest rates, regulatory duties, and internal processes. He proposed that the Fed should relinquish bank oversight responsibilities to other entities and cease bond acquisitions except in emergencies. Bessent emphasized the necessity for the Fed to alter its trajectory, asserting that its strategies have exacerbated wealth inequality and played a role in the affordability crisis within the U.S. housing market. For further details, refer to the complete article on Benzinga.com.