Treasury Huddles With Fed, FDIC to Streamline Bank Oversight
The US Treasury building in Washington, DC.
Photographer: Stefani Reynolds/BloombergUS Treasury Secretary Scott Bessent is hosting private meetings with the Federal Reserve and other bank agencies as he takes a bigger role in streamlining oversight and coordinating plans to ease regulation.
The Treasury Department will take the lead on crafting recommendations on the policy agenda, according to people familiar with the matter. Those plans will firm up after the Senate confirms President Donald Trump’s nominees for the regulators, they said.