Scott Bessent Confirms Search For Fed Chair Who Will Shrink Institution, End Perpetual QE
Bullish
50.0
Treasury Secretary Scott Bessent has confirmed the administration is actively interviewing candidates for the next Federal Reserve Chair, seeking a leader committed to shrinking the central bank's footprint and ending the era of perpetual quantitative easing (QE).
The ‘Engine of Inequality’
Speaking on the All-In Podcast for a year-end economic review, Bessent outlined a sharp pivot from the monetary policies of the last 15 years. He argued that the Fed's “gain of function” experiments—specifically the large-scale asset purchases that began in 2008—must be rolled back to restore economic fairness.
Bessent delivered a critique of post-GFC monetary policy, labeling the Federal Reserve “the engine of inequality.” He argued that while the Fed is not responsible for creating equality, it should
The ‘Engine of Inequality’
Speaking on the All-In Podcast for a year-end economic review, Bessent outlined a sharp pivot from the monetary policies of the last 15 years. He argued that the Fed's “gain of function” experiments—specifically the large-scale asset purchases that began in 2008—must be rolled back to restore economic fairness.
Bessent delivered a critique of post-GFC monetary policy, labeling the Federal Reserve “the engine of inequality.” He argued that while the Fed is not responsible for creating equality, it should
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