Treasury Secretary Bessent Discusses Breakfast Meetings with Fed Chairs

U.S. Treasury Secretary Scott Bessent held a breakfast meeting with new Federal Reserve Chair Kevin Warsh on Thursday. The meeting has sparked inquiries regarding interest rate discussions.

When reporters pressed Bessent about advising Warsh on interest rate reductions, he redirected, mentioning his numerous breakfast meetings with the former chair, Jay Powell. He emphasized, "I had breakfast with Chair Powell 41 times, and I never did that."

This statement draws a parallel to President Donald Trump's frequent requests to Powell for lower interest rates, though Bessent did not confirm any similar conversations with Warsh.

(With inputs from agencies.)