Topics & People

A center-left author whose book, 'The Fed, the Engine of Inequality,' is praised by Scott Bessent for correctly identifying the Fed's role in exacerbating economic disparity.

The Vice President in the Trump Administration, quoted by Bessent as saying 'we didn't get here overnight' regarding the economic mess they inherited.

A candidate being interviewed for the position of Fed Chair in the Trump administration, who is expected to favor a more constrained role for the central bank.

A current member of the Federal Reserve Board of Governors and a candidate being considered for the position of Fed Chair.

Director of the National Economic Council who commented on a potential AI review process.

Individuals being considered for Chairman of the Federal Reserve. Bessent, who is part of the interview process, notes that all candidates want to shrink the Fed's footprint and increase its predictability.

Former Chairman of the Federal Reserve who initiated Quantitative Easing (QE). Bessent recalls that Bernanke explicitly told people to 'go buy equities' as the purpose of the policy.

The 2008-2009 economic crisis. Bessent argues that the over-constricted regulatory regime created in its aftermath crippled the economy and forced the Fed to become 'the only game in town' with policies like QE.

A regional branch of the Federal Reserve. Bessent cites a study it published, using 150 years of data, to support his claim that tariffs are disinflationary.

Former Chairman of the Federal Reserve, praised by Bessent as a model for having an 'open mind' about the 1990s productivity boom, which allowed the economy to thrive.

The national debt of the United States, representing a massive liability central to the current economic cycle.

A 15-year period of inflated asset prices, which Scott Bessent attributes directly to the Federal Reserve's prolonged, post-GFC policy of Quantitative Easing (QE) and low interest rates.