In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. The comments come amid an intensifying conflict between the White House and the central bank.

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue

Trump administration officials, already agitated by the board’s monetary policy, are calling for Chairman Powell’s removal for ‘malfeasance.’

The Federal Reserve declined to comment on the matter, when contacted by Reuters. Bowman was nominated by President Donald Trump for the vice chair for supervision role, the Fed's top regulatory post.

Supatman/iStock via Getty Images. Reputational risk will no longer be a component of examination programs in the Federal Reserve's supervision of banks, the regulator said on Monday.

To receive a copy of "The Federal Reserve Monetary Policy Framework Review: A Comprehensive Approach to Improve Robustness", contact the G30 Press Officer Melissa Golding at +1 571-236-2820 or ...

Federal Reserve Governor Christopher Waller's comments come as tensions between Fed Chair Jerome Powell and President Donald Trump have reached a boiling point in recent days.