Bessent: The Fed has placed its own independence in jeopardy. The Fed "must scale back the distortions it causes in the economy." "Unconventional policies such as quantitative easing should be used only in true emergencies, in coordination with the rest of the federal government." https://www.wsj.com/opinion/the-feds-gain-of-function-monetary-policy-ac0dc38a?mod=hp_opin_pos_3(Nick Timiraos)