The soon-to-be top Democrat on the Senate Banking Committee cautioned Scott Bessent, Donald Trump’s pick to be the next treasury secretary, to respect the Federal Reserve’s policy independence.

“I have been a fierce critic of Fed Chair Jerome Powell’s extreme interest rate hikes and lack of transparency, but I have never questioned that it is his job to make those decisions. It would be a serious error for the Trump administration to interfere with the Fed’s independence, as Mr. Bessent has suggested,” Sen. Elizabeth Warren (D-Mass.) said in a statement Monday.

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