Government tries to fix complex equipment by slamming it with a sledge hammer...
Not sure why this is news in the field of banking and economics any more than anything else the government screws up.
Don't look at me about this PhD stuff. I don't believe formal credentials always equal brains, or even experience. I have made a couple of posts making fun of the concept.
I don't think anyone is inherently unqualified to comment on an issue just because of their formal job description. I've seen some pretty smart dropouts and some pretty dumb PhDs. Of course, I've seen the reverse, too. It's a case-by-case thing.