The argument is:

In the past the Fed has cut rates and made credit easier to get “for everyone” in order to manipulate markets (as is its job), but that by doing so they’ve actually just made it easier for the people with access to the most capital to get access to even more capital and then spend more to get more capital. Rich get richer.

This accomplishes their stated goal of “growing the economy” because people with a lot of capital represent a lot of the economy so it looks like it grows. But they don’t represent a lot of the country so wealth inequality grows.

This article is a lot of words about how that is bad and a lot of examples on how other way are better with a couple parts at the beginning quoting other source’s postulations that the new Fed chair will want to “rebalance the Fed” and make credit more available for smaller banks rather than just larger ones. From what I can tell… entirely based on statements he’s made in the past on how messed up the Fed currently is. Considering he’s a Trump appointment, I doubt it though. Unless their plan is to start using it as a whitelist for bribes or something.