"A lot of what we've seen from monetary policy over the past few years has been backward-looking"

Bessent on the Federal Reserve: "A lot of what we've seen from monetary policy over the past few years has been backward-looking. If our models aren't working, if we are always late, if we have all these economists to what end if the decisions are bad?"pic.twitter.com/GpuO60aLKl

— Thomas Sowell Quotes (@ThomasSowell)August 31, 2025