Treasury Secretary Scott Bessent has unleashed on the Fed in his new article “the Fed’s New ‘Gain-of-Function’ Monetary Policy.” The article discusses the Fed’s potential loss of independence, widening inequality in America, how the Fed’s actions have distorted the market, and ends with a call for reform. This article is monumental and historic. Change is coming to the Fed, whether they like it or not. A link to the article is included below.
Link: TIE_Sp25_Bessent.pdf
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