US Treasury Secretary Bessent: One of the highlights of Walsh's time in charge of the Federal Reserve was watching shorthand writers masquerading as journalists. The Wall Street Journal's Nick Timiraos, for example, has been reduced to reporting behind-the-scenes gossip about the Federal Reserve because they can't do real economic or monetary policy analysis without anyone to feed them.

US Treasury Secretary Bessent: One of the highlights of Walsh's time in charge of the Federal Reserve was watching shorthand writers masquerading as journalists. The Wall Street Journal's Nick Timiraos, for example, has been reduced to reporting behind-the-scenes gossip about the Federal Reserve, because they can't do real economic or monetary policy analysis without anyone to feed them.