Scott Bessent: I Believe Fed Chair Warsh Will Do the Right Thing to Balance Inflation and Growth

EXCERPT:

BESSENT: “Well, I think — again, I believe that we will get through this challenging period now. On higher prices, on the other side of this, I’ve said publicly that I think we’ll be back to substantial disinflation, but most importantly, I think we’ve got the Warsh Fed now. It’s a new day at the Fed. The Treasury secretary and the Fed chair have lunch or breakfast every week. I had my first breakfast with Chair Warsh this morning, and I believe that he will do the right thing to balance inflation and growth.”