Trump Has Confidence in Fed Chair Warsh After Rate Hike: Bessent

Kevin Warsh, the current Chair of the Federal Reserve, has received praise from Scott Bessent, who claims that President Trump has 'great confidence' in his ability to make wise decisions. This statement comes after a recent rate hike by the Fed.

Bessent's comments were made in an interview, where he expressed his support for Warsh and stated that he is confident that Warsh will 'do the right thing'. It is worth noting that Bessent has been a vocal advocate for the current monetary policy.