Bernard reiterated that the Federal Reserve's judgment is biased and suggested that he hopes Powell will resign completely next year.

U.S. Treasury Secretary Scott Bezent questioned the judgment of Federal Reserve policymakers on interest rates, reiterating his view that the benchmark rate is too high. "The committee's judgment seems a bit off," Bezent said. He was referring to the Federal Open Market Committee, which is responsible for setting interest rates. Bezent has repeatedly stated that he will only comment on the Fed's past policies, not on future decisions. Nevertheless, he reiterated his view that "two-year rates tell us that the overnight rate is too high." When asked about government housing finance regulator Bill Pulte calling for Fed Chair Powell's resignation, Bezent refused to provide a specific response. Pulte accused Powell of deception when testifying to Congress about issues with the Fed's building renovations. Bezent only said that the Fed "should manage its expenses like everyone else." Bezent also stated, "There are many excellent and strong candidates" who can replace Powell as Fed Chair when his term ends in May 2026. When asked if he is a potential candidate himself, he said, "I will not disclose private conversations."