Review of the decision to renovation Departments of the Federal Bank’s central offices in Washington (Fed) said, on Monday (21.7.25), in his post by Finance Minister Scott Bessed.
“While I have no knowledge or opinion on the legal basis for mass renovations of buildings on Syntagma Avenue, a revision of the decision to undertake such a project by an institution that reports operational damage above $ 100 billion will have to be carried out.”
Bessed also said that the Fed would have to conduct “an evident internal review of its non -monetary activities. The significant slide of the mission and institutional development have led the Fed to areas that may endanger the independence of the basic mission of monetary policy, “according to Bloomberg sources.
“The Fed is conducting regular evaluations of its monetary policy framework,” he said. “I would encourage the Fed leadership to undertake, publish and apply a comprehensive institutional evaluation to its entire mission to enhance its credibility.”
The head of the Ministry of Finance also said that “the Fed monetary policy is a box of jewelry that must be enclosed in order to maintain its independence” and that the Fed’s independence is “a cornerstone of the ongoing US economic growth and stability”.
The Fed and its head, President Jerome Powell, have been constantly criticizing the Trump government for weeks, mainly for its decisions to maintain interest rates so far in 2025. Most Fed officials have said they are expecting to appreciate the impact on the duties.
Bessed’s post comes after his previous comments on CNBC, in which he said the government should “consider the entire institution of the federal bank and if it has been successful”.