WASHINGTON – Treasury Secretary Scott Bessent confirmed Thursday that he shared breakfast with Kevin Warsh, the newly appointed Federal Reserve chair.
During a White House press briefing, when a journalist questioned whether Bessent urged Warsh to reduce interest rates, the Treasury Secretary deflected by discussing his previous interactions with former Fed chair Jay Powell.
“I had breakfast with Chair Powell 41 times, and I never did that,” Bessent stated, offering no additional details about the nature of those conversations.
The questioning comes amid a backdrop where President Donald Trump has consistently pushed Powell to cut interest rates during his tenure.
