Bessent Reaffirms Confidence in Warsh Amid Tight Liquidity
U.S. Treasury Secretary Scott Bessent has reaffirmed his confidence in Federal Reserve Chair Kevin Warsh following the Fed's recent rate increase.
Bessent stated that he trusts Warsh as chair, citing the president's trust in Warsh as well.
In a time of tight liquidity, Bessent said the size of buybacks has been expanded.