Fed’s $2.5B Palace: Bessent’s Jest or Powell’s Mess? 🤡
Bessent’s words arrive as the winds of political discontent howl at the Fed’s gates. He likens the Fed’s monetary policy to a “jewel box,” a delicate artifact of economic stability, yet laments its transformation into a jack-of-all-trades, master of none. “Mandate creep,” he calls it, a term as insidious as the slow march of bureaucracy itself. 🐌






