Fed Under Fire: Scott Bessent Calls Out the Cleanup Crew Economy

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Fed Under Fire: Scott Bessent Calls Out the Cleanup Crew Economy
Description: Treasury Secretary Scott Bessent just tore into the Federal Reserve—and he’s right on target. Speaking at the Fed’s Capital Conference, Bessent slammed regulators for "reflex regulation" and playing hazmat cleanup after financial crises, rather than preventing them. He called for sweeping reforms, scrapping outdated capital requirements, ending dual regulation burdens, and halting the Fed’s drift into non-monetary missions. His blunt critique? The Fed is bloated with PhDs who’ve never worked in the private sector and now serve more as academic placeholders than economic stewards. This segment pulls no punches—exposing how central planning, regulatory bloat, and economic arrogance keep fueling America’s financial addiction. www.watchdogonwallstreet.com