Do You Trust Scott Bessent?

[kyzr]

WRONG.
See posts 51 and 52.
Your magical thinking is not the reality.

The stock markets are setting records and the Fed will start lowering interest rates next month.
Tariffs are not the problem, they are the solution.
Never-Trumpers helping elect Biden created the problem, families lost $11,400 in buying power.
Small businesses will improve as Americans get more money to spend instead of losing buying power from Bidenomics.

Americans need an extra $11,400 today just to afford the basics, Republican analysis finds

Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.

www.cbsnews.com

Americans need an extra $11,400 today just to afford the basics​

 

[g5000]

The stock markets are setting records and the Fed will start lowering interest rates next month.
Tariffs are not the problem, they are the solution.

Tell that to the small businesses and farmers who are getting fucked by Trump's far left tariffs.

Tell that to the American consumers who are going to pay higher prices.

.

 

[kyzr]

Tell that to the small businesses and farmers who are getting fucked by Trump's far left tariffs.
Tell that to the American consumers who are going to pay higher prices.

You prefer Biden's $2T annual deficits and the $37T Debt? You democrats would crash the dollar, a disaster.

I prefer Trump's tariffs, his BBB, his balanced budget (or tiny deficit), and starting to pay down the debt.

 

[g5000]

Small businesses will improve as Americans get more money to spend instead of losing buying power from Bidenomics.

You did not read posts 51 and 52, did you. It's obvious. You don't want information which contradicts your magical thinking. You are saying things which are pure wishful thinking.

Americans are going to be spending more money for the same amount of goods because of Trump's tax hikes on importers (97% of whom are small businesses) who will pass those tax hikes on to their customers

Do you know what the word is for more money chasing the same or fewer goods is?

Inflation.

.

Americans need an extra $11,400 today just to afford the basics, Republican analysis finds

Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.

www.cbsnews.com

Americans need an extra $11,400 today just to afford the basics​

And it is just going to get worse.

Trump inherited 3 percent inflation. It fell until April but has been rising steadily since then.

Trump promised lower grocery prices on day one.

Another blatant lie you MAGAs fell for, like his replacement for Obamacare.

Meat is at an all time high, and inflation has been rising since April.

Like the cost of health care continuing to rise since Trump lied, so will the cost of food.

.

.

 

[Billiejeens]

Does anyone on this board that is NOT a LEFTIST trust Gwilikers to tell you anything accurate?!?!?!?!

No

 

[John Edgar Slow Horses]

Does anyone on this board that is NOT a LEFTIST trust Gwilikers to tell you anything accurate?!?!?!?!

Far more than anyone trusts you, simp.

 

[kyzr]

You did not read posts 51 and 52, did you. It's obvious. You don't want information which contradicts your magical thinking. You are saying things which are pure wishful thinking.
Americans are going to be spending more money for the same amount of goods because of Trump's tax hikes on importers (97% of whom are small businesses) who will pass those tax hikes on to their customers
Do you know what the word is for more money chasing the same or fewer goods is? Inflation.

I'm saying exactly what is happening now. Importers are eating most of the tariffs.
Inflation at 9.1% happened because you Never-Trumpers elected pedo Joe Biden.
Clowns like Larry Summers have been predicting inflation for months.....not happening.

And it is just going to get worse.
Trump inherited 3 percent inflation. It fell until April but has been rising steadily since then.
Trump promised lower grocery prices on day one.
Another blatant lie you MAGAs fell for, like his replacement for Obamacare.
Meat is at an all time high, and inflation has been rising since April.
Like the cost of health care continuing to rise since Trump lied, so will the cost of food.

Biden caused inflation at 9.1%, Biden let in 12,000,000 illegals and gave them free food causing grocery prices to explode, Trump is deporting them. Put the blame where it belongs, on democrat policies, the war on energy, and open borders. Trump is fixing the stupid democrat policies.

 

[Billiejeens]

I'm saying exactly what is happening now. Importers are eating most of the tariffs.
Inflation at 9.1% happened because you Never-Trumpers elected pedo Joe Biden.
Clowns like Larry Summers have been predicting inflation for months.....not happening.

Biden caused inflation at 9.1%, Biden let in 12,000,000 illegals and gave them free food causing grocery prices to explode, Trump is deporting them. Put the blame where it belongs, on democrat policies, the war on energy, and open borders. Trump is fixing the stupid democrat policies.

G is 100% fraud

Get in make fun of him
Get out.

 

[Nobody911]

You should go ask Bessent. What does this super rich man want from being the leader of Federal Reserve? To get richer? To make Republicans great again? or what? I don't know. lol.

If Scott Bessent were to become the leader of the Federal Reserve, several key points and implications emerge based on current information and his known background:

Current Context: Treasury Secretary Scott Bessent is actively involved in the process of selecting the next Federal Reserve Chair to succeed Jerome Powell, whose term ends in May 2026. Bessent himself is considered a leading candidate for the position alongside other contenders5. The announcement of the new Fed chair is expected by the end of 2025 23.

Potential Conflict with Central Bank Independence: Holding the dual roles of Treasury Secretary and Fed Chair simultaneously would conflict with the long-held principle of central bank independence, which is important for economic stability. Though legally possible, it is generally viewed as problematic for the Treasury Secretary to lead the Fed1.

Policy Orientation and Criticism of Current Fed: Bessent has openly criticized the Fed’s effectiveness, echoing President Trump’s dissatisfaction with the central bank’s policies, particularly its reluctance to lower interest rates quickly enough. He has called for a comprehensive institutional review of the Fed, suggesting a more hands-on and reform-minded leadership style 610.

Economic and Political Implications: Bessent’s tenure as Treasury Secretary aligns strongly with President Trump’s economic agenda—tax cuts, deregulation, tariffs, and a confrontational stance on trade with China. If he becomes Fed Chair, this could lead to a central bank more closely aligned with the administration’s priorities, potentially with a greater emphasis on lowering interest rates and reducing regulatory oversight of banks 6.

Market Reaction and Stability Concerns: Experts and market participants may view Bessent’s appointment as a shift towards a politically influenced Fed, which could undermine market confidence in the Fed’s autonomy. Some economists already express concern about compromised Fed independence and how this might affect long-term interest rates and the dollar’s stability 5.

In summary, if Scott Bessent were to become Fed Chair, it could mark a significant shift in Federal Reserve policy and governance towards closer alignment with the current administration’s economic priorities, a more aggressive review of Fed operations, and potential challenges to the traditional independence of the central bank. These changes would have wide-ranging effects on monetary policy, markets, and economic stability.

This analysis is grounded in Bessent’s current role, public statements, and the ongoing transition dynamics within the Fed leadership as of mid-2025 12356.

sources:

1. https://thehill.com/homenews/administration/5401759-bessent-powell-federal-reserve-chair-process/
2. https://www.reuters.com/world/us/us...d-chair-announcement-by-years-end-2025-07-31/
3. https://www.usnews.com/news/politic...e-expects-fed-chair-announcement-by-years-end
4. Treasury Secretary Hints at Imminent Fed Shake-Up, Powell Replacement Likely Within Months - VINnews
5. https://www.cnbc.com/2025/07/29/bes...s-to-get-fed-chair-job-cnbc-survey-finds.html
6. https://www.cnn.com/2025/07/28/economy/trump-powell-federal-reserve
7. https://au.finance.yahoo.com/news/bessent-compiling-fed-chair-candidates-135209799.html
8. https://subscriber.politicopro.com/...s-treasury-chief-through-trumps-term-00401132
9.
10.