Bessent backs Warsh after Fed hikes rates over Trump — SkimNews
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- Scott Bessent told CNBC's "Squawk Box" host Joe Kernen on Monday that he has "great confidence" in Federal Reserve Chair Kevin Warsh
- Bessent's endorsement followed the Federal Reserve's quarter-point interest rate hike, which went against the wishes of President Trump
Why it matters: A sitting Treasury Secretary publicly vouching for the Fed Chair hours after a quarter-point rate hike the president opposed puts visible daylight between Trump's rhetoric and his own economic team's stance on the central bank.
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