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The Federal Reserve’s credibility is cracking—and Scott Bessent just laid out why. From “gain of function” monetary policy to endless bailouts, the Fed has turned itself into a political machine. In this episode:

• How the Fed’s post-2008 power grab set the stage for today’s instability
• Why “independence” at the Fed is more myth than reality
• How reckless QE and regulatory failure fueled bank collapses
• Why both parties let the Fed keep breaking the rules

The Fed was meant to stabilize markets. Instead, it’s become the problem.