EconomyBessent speaks with CNBC after Fed holds rates steady
Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026, after the Fed kept interest rates unchanged.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh appear divided over a central question in U.S. financial policy: how hands-off policymakers should be when determining the price of money.
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Reuters
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Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026, after the Fed kept interest rates unchanged.

Treasury Secretary Scott Bessent has hired Judy Shelton as an adviser. The Senate blocked her nomination to the Federal Reserve over her controversial economic ideas.

Treasury Secretary Scott Bessent said Federal Reserve policymakers should remain open-minded about interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation under control.
U.S. Treasury Secretary Scott Bessent told a House Financial Services Committee hearing that recent Treasury buybacks were successful and reinforced U.S. credibility, even as the 10-year yield recently climbed above 5%.

US Representative Maxine Waters sharply criticizes Treasury Secretary Scott Bessent during testimony before a House Finance panel, blaming the administration’s tariffs, trade disputes and Iran policy for higher prices and rising borrowing costs.

The Treasury secretary’s intervention in the yen has had an impact, but US bond yields keep climbing, raising questions over whether the administration is focusing on the wrong market battle.
Bloomberg Real Yield examines the surge in US Treasury yields and the bond market’s challenge to Bessent, alongside risks tied to CPI and possible Federal Reserve rate hikes. The program features investment and macro strategy specialists from Janus Henderson, JPMorgan Asset Management, Capital Group and CreditSights.

Long-term Treasury yields moved higher despite a $6 billion buyback. Concerns over debt and rising oil prices continue to weigh on bond markets worldwide.

Treasury Secretary Scott Bessent’s unusual effort to substantially enlarge the department’s debt-buyback program faltered Wednesday. Announcing the size of the first expanded operation was not enough to stop markets from falling.
Scott Bessent has challenged traders to bet against him, but the limits of his public pressure campaign are quickly becoming apparent.