The U.S. Treasury Secretary said Wall Street Journal's Nick Timiraos, once dubbed a "Fed mouthpiece," would be left covering Federal Reserve intrigue rather than substantive economic or monetary policy analysis.
U.S. Treasury Secretary Bessent said a notable feature of a Warsh-led Federal Reserve (U.S. central bank) would be watching reporters he characterized as stenographers posing as journalists lose access-driven coverage, singling out The Wall Street Journal's Nick Timiraos. Bessent said Timiraos, previously labeled a "Fed mouthpiece," would be left reporting Federal Reserve gossip because, in his view, such journalists cannot produce genuine economic or monetary policy analysis without being fed information.