Treasury Secretary Scott Bessent stated on Monday that he has "great confidence" in Federal Reserve Chair Kevin Warsh, following the central bank's decision to raise interest rates by a quarter point. This decision was made despite opposition from President Trump. Bessent made these remarks during an interview with Joe Kernen on CNBC’s "Squawk Box," emphasizing that the president also has confidence in Warsh.
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Bessent expresses confidence in Warsh following Fed rate increase
Treasury Secretary Scott Bessent expressed strong confidence in Federal Reserve Chair Kevin Warsh after the Fed raised interest rates by a quarter point. Bessent's comments were made during a CNBC interview, where he noted that President Trump shares this confidence.
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Scott Bessent
Kevin Warsh
Joe Kernen
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Original vs. Neutral
Original Headline
Bessent says he has ‘great confidence’ in Warsh after Fed raises rates
Neutral Headline
Bessent expresses confidence in Warsh following Fed rate increase