Scott Bessent: “Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast.”

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.

The Harvard Square inflationista is offering a statistical sleight of hand, not a serious assessment of today’s U.S. economy.

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

This isn’t Pets.com.