Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.

U.S. President Donald Trump's administration is more concerned with getting "high-quality" deals with trading partners rather than meeting the Aug. 1 negotiation deadline, the treasury secretary said Monday,

The Trump administration appears to be calling for a more expanded review on the Federal Reserve. Treasury Secretary Scott Bessent is now calling for a review of the entire Federal Reserve institution, not just recent building renovations.

The Treasury secretary and Commerce Sec. Howard Lutnick both seem to view Aug. 1’s steep tariffs as added leverage in talks that will continue past that date.

U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.