The Fed’s Power Grab Just Hit a Wall — But Is It Too Late?

The Central Bank: America’s Most Untouchable Institution Let’s cut through the polite financial jargon: the Federal Reserve is a private banking cartel disguised as a public institution. It prints our money, manipulates interest rates, and—oh yeah—regulates the very same banks it’s supposed to keep in check. That’s like putting the fox in charge of the henhouse and giving it night vision goggles. Scott Bessent’s public takedown in the Wall Street Journal is long overdue. He points to what he calls a “conflict that blurs accountability and jeopardizes independence.” He’s not wrong. The Fed sets the rules, lends to the banks, then turns around and grades its own homework. And nobody voted for this. Worse, it’s all been normalized. Most Americans…