Reported 12 months ago
Scott Bessent, founder and CEO of Key Square Group LP, and a supporter of former President Donald Trump, talks about Trump's economic policies such as tariffs and immigration in the context of a potential second term. Bessent believes that Trump's maximalist negotiating style with tariffs is effective, despite concerns about inflation. He also dismisses worries about Trump's immigration policies leading to labor cost increases and inflation. Bessent, who is considered for Treasury Secretary if Trump is reelected, criticizes Federal Reserve Chair Jerome Powell's handling of inflation but does not advocate for his removal, suggesting that both Trump and Biden seek lower interest rates. Bessent also addresses fundraising, Fortune 100 CEOs' support, and the impact of the Supreme Court ruling regarding Trump's immunity from criminal charges related to the 2020 election.
Source: YAHOO