Bessent Blast’s the Fed for QE, its “Perverse Incentives” for Fiscal “Irresponsibility,” “Wealth Effect” Policies on “Class and Generational Disparities,” Failure on Inflation… Oh I So Agree

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Bessent Blast’s the Fed for QE, its “Perverse Incentives” for Fiscal “Irresponsibility,” “Wealth Effect” Policies on “Class and Generational Disparities,” Failure on Inflation… Oh I So Agree

wolfstreet.com/2025/09/05/bessent-blasts-the-fed-for-qe-its-perverse-incentives-for-fiscal-irresponsibility-its-wealth-effect-policies-that-widened-clas

“This harmful cycle concentrated national wealth among those who already owned assets”: Bessent.
By Wolf Richter for WOLF STREET.
Secretary of the Treasury Scott Bessent came out today with an essay in the WSJ that blasted the Fed for its “extraordinary” and “nonstandard” monetary…

This story appeared on wolfstreet.com, 2025-09-06 00:46:17.