[U.S. Treasury Secretary Besent Says the Federal Reserve Should Step Back and Simplify Measures] On November 25, U.S. Treasury Secretary Besent stated that the Federal Reserve's 'ample reserves system' might be slightly unraveling and needs simplification. He expressed concern about rising living costs and pointed out that the Federal Reserve's policies need to focus on the future. He also mentioned that Federal Reserve governors seem inclined toward cutting interest rates.