Scott Bessent: ”What we need to do is examine the entire Federal Reserve institution and whether they have been successful”

.@SecScottBessent: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful… All of these Ph.D.s over there, I don't know what they do… This is like Universal Basic Income for academic economists." pic.twitter.com/ITzSwQKpjS

— Rapid Response 47 (@RapidResponse47) July 21, 2025