Scott Bessent: “It’s a new day at the Fed … I had my first breakfast with Chair Warsh this morning, and I believe that he will do the…”

Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.

As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.