Scott Bessent Fires Back on the Fed’s Role in Economic Equality🚀🔥
U.S. financier Scott Bessent stirred debate after saying he doesn’t believe the Federal Reserve is responsible for creating economic equality, arguing that the central bank’s mandate was never designed to deliver equal outcomes across society. In his view, the Fed’s core mission is focused on price stability, employment, and financial-system health not redistributing wealth or closing income gaps.
His comments land at a time when interest-rate decisions, inflation control, and liquidity conditions are under intense scrutiny, especially as markets react to every hint of policy shifts. Supporters of this perspective say central banks should remain narrowly focused on monetary stability, while critics argue that policy tools inevitably affect inequality and therefore can’t be separated from social outcomes. Either way, the remark adds fuel to the growing global conversation about how powerful institutions shape economies and who ultimately benefits when policy levers are pulled.
