Story perspectives

White House Rejects Bannon's Dual Fed-Treasury Proposal

9/21/2025

Summary

Story summary

Steve Bannon suggested Scott Bessent as a dual leader for the Federal Reserve and Treasury, but the White House rejected the proposal.
Despite his previous dismissal, Bannon continues to wield influence.
Paul Krugman condemned Bessent's criticisms of the Federal Reserve as dishonest.
Bessent backed Trump's effort to fire Federal Reserve Governor Lisa Cook over alleged mortgage fraud, despite facing similar accusations.
A federal judge halted Cook's firing, citing insufficient legal grounds.

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Story summary

Steve Bannon suggested Scott Bessent as a dual leader for the Federal Reserve and Treasury, but the White House rejected the proposal.
Despite his previous dismissal, Bannon continues to wield influence.
Paul Krugman condemned Bessent's criticisms of the Federal Reserve as dishonest.
Bessent backed Trump's effort to fire Federal Reserve Governor Lisa Cook over alleged mortgage fraud, despite facing similar accusations.
A federal judge halted Cook's firing, citing insufficient legal grounds.