At a meeting with investors last month, Treasury Secretary Scott Bessent lamented Fed Chair Jay Powell’s caution on rates after having misjudged inflation as “transitory” in 2021. Attendees said Bessent compared the Fed chair to an old man who, having hurt himself after a bad fall, was now more likely to fall again because he is always looking down at his feet when he takes a step. https://www.wsj.com/economy/central-banking/trump-fed-chair-hassett-warsh-3373fe8e?st=cNnFmb&reflink=desktopwebshare_permalink