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![NickTimiraos Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::59603406.png) Nick Timiraos [@NickTimiraos](/creator/twitter/NickTimiraos) on x 426.2K followers
Created: 2025-07-09 15:05:04 UTC

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.




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**Related Topics**
[federal reserve](/topic/federal-reserve)
[inflation](/topic/inflation)
[fed](/topic/fed)
[bessent](/topic/bessent)

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NickTimiraos Avatar Nick Timiraos @NickTimiraos on x 426.2K followers Created: 2025-07-09 15:05:04 UTC

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.

XXXXXXX engagements

Engagements Line Chart

Related Topics federal reserve inflation fed bessent

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