The Fed’s independence comes from public trust. Paul Krugman Slams ‘Sleazy’ And ‘Underhanded’ CampaignPlease consider Scott Bessent, Sleazy Smearer by Paul Krugman on his substack site. His recent attacks on the Federal Reserve, part of Trump’s campaign to destroy the Fed’s independence, are vile, underhanded and sleazy. Does Krugman deny inept Fed policy created a housing mess of high prices and people trapped in their homes? Undermines Fed credibility: Bessent claims that the Fed’s actions, including QE, have clouded its mission, politicized its actions, and damaged its credibility with the public.