Key Takeaways:
- Historic Oversight Push: Treasury Secretary Scott Bessent became the first sitting official to publicly demand an internal review of the Federal Reserve’s exploding expenditures.
- Fed’s Spending Spree Exposed: Bessent revealed the Fed’s annual losses have reached $100 billion, with expenses quadrupling since 2004 — all without proper oversight or accountability.
- Call for Fiscal Responsibility: Bessent slammed the Fed’s “print money to spend it” mentality and urged a thorough, no-nonsense internal audit to restore transparency and discipline.
Treasury Secretary Scott Bessent just did what no one in his position has dared to do: demand a full-blown internal review of the Federal Reserve’s ballooning budget and runaway spending.
“To be clear, I am calling for an internal review. An internal review,” Bessent declared in a move that’s sure to shake the marble halls of the Fed.
WATCH:
Since 2004, the Federal Reserve’s expenses have exploded fourfold — and now they’re hemorrhaging up to $100 billion a year. That’s not just bad accounting — it’s a red flag for every taxpayer and business owner who knows you can’t spend what you don’t earn. But apparently, no one gave the Fed that memo.
“Everything else that the Fed has done over the years has just grown and grown… This is what happens when you don’t have oversight,” Bessent warned.
The Fed’s model of “print first, justify later” isn’t just reckless — it’s a ticking economic time bomb. Without accountability, this bureaucratic beast is operating with a blank check at the expense of American families, small businesses, and long-term economic stability.
“Right now, they’re losing about 100 billion a year. So they just print money to spend it. And I think a thorough review should be done. It can be done,” Bessent said.
It’s time for some fiscal sanity. America deserves a Federal Reserve that serves the people — not one that burns through billions while demanding more power.