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Scott Bessent: “He [Kevin Warsh] said he's going to get rid of forward…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum

Published May 30, 2026 | Video Starts at 00:50

And I think we are going to see a new sheriff in town. I think we are. I'm not going to get out ahead of the Chairman, but, but He [Kevin Warsh] said he's going to get rid of forward guidance. So I think I would expect approve of that 100%. 100%. And I also think we're going to get back to basics in terms of accountability, credibility and what's the purpose of the Fed? (00:50–37:49)

CLAIM

Asserts that Fed Chair Kevin Warsh plans to eliminate forward guidance.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

“Inflation's probably over 200% [in Iran].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 19:00-19:03
“Kharg island, which is the Iranian oil export facility, is shut down.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 21:43-21:50
“We have seized about $1 billion of their crypto and just outright seized it.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 23:09-23:16
“Eggs are down 90% now.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 29:05-29:08
“Real wages grew about 17%.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 29:45-29:49
“38% of Americans have no exposure to our great equity market.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 32:52-32:59
“We told ourselves that so long as goods were cheaper overseas, it did not matter whether factories went dark in Michigan, Ohio or…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 01:29-01:41
“Economic security is national security.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:11-02:15
“Economic security is national security.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:11-02:15
“A nation that cannot manufacture, mine, ship or refine its needs, gradually cedes its strength and sovereignty to others.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:15-02:26
“China's accession to the WTO and the granting of permanent normal trade relations were sold to the American people as steps that would level…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 03:46-03:59
“The pandemic did not create our brittle supply chains so much as expose them.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 04:29-04:36
“Today, the United States still imports most of its rare earth minerals that are essential to the technologies that will shape military and…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:00-05:13
“Only a small share of the active pharmaceutical ingredients that we use in the United States are made here.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:12-05:22
“American shipbuilding capacity which once helped to secure victory in war and prosperity in peace has shrunk to a fraction of global…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:21-05:32
“America has been asleep. We mistook comfort for strength. We substituted efficiency for resilience and consumption as a measure of…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:32-05:32
“Cheaper was always better. Offshoring was inevitable. Industrial policy was unfashionable. And strategic dependence was acceptable so long…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 06:05-06:19
“America should never again put itself in a position where its security depends on supply chains and it does not control factories it no…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:15-08:30
“Trade policy, industrial capacity, and national security are inseparable.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:41-08:48
“President Trump issued the America First Trade Policy Memorandum, a sweeping directive to Treasury, Commerce, Homeland Security, USTR and…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:56-09:14
“Last April, the President declared a national emergency tied to the cumulative effects of foreign trade practices and announced reciprocal…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 09:20-09:35
“President Trump signed executive action on processed critical minerals and derivative products under section 232, expressly linking import…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 10:02-10:22
“President Trump signed an executive order to restore America's maritime dominance, established a new Office of Maritime and Industrial…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 10:32-10:49
“President Trump signed an executive order to fill the strategic Active Pharmaceutical Ingredients reserve so that America is never again…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 11:02-11:18
“The White House also highlighted further action to impose tariffs on patented pharmaceutical products, while noting parallel section 232…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 11:19-11:36
“America has awakened. We are alert to the fact that a resilient economy is the foundation of a strong republic.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 14:08-14:18
“Trade policy, industrial policy, and national security policy must all fit together or they will each fail separately.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 14:32-14:43
“Under President Trump's leadership, we are alert to the risk we can no longer ignore and attune to the responsibility we can no longer…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 16:10-16:19
“Iran must give up their highly enriched uranium and cannot have a nuclear weapon.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:12-18:19
“This is the first time the Iranians have been willing to discuss the nuclear subject.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:25-18:30
“Operation Economic Fury, where we have really cut them off and they are at the end of their tether now.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:44-18:54
“We did not have regime change, but we changed the regime. The first level leaders decapitated, the second level decapitated.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 19:24-19:33
“Treasury, we're doing the financial blockade.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 20:59-21:02
“The blockade did that. We think they have the lowest amount of oil on the water. Their only client is China.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 21:51-22:00
“We've frozen Iranian bank accounts.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 22:50-22:55
“We're never going to have to talk about a tax cut again because these are permanent.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 27:12-27:18
“The economy has been very resilient through all this [the war].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 28:30-28:36
“It's been less than $200 in extra the gasoline cost [for many families].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 28:38-28:48
“With the Trump accounts, any child born during President Trump's term, they get $1,000 seed investment from treasury.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 33:12-33:23
“Families with children under 18 can open a Trump account and they put up to $5,000 in there.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 33:39-33:47
“Michael and Susan Dell, $6.25 billion to American children.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 34:06-34:13
“20 states so far that I think are going to add to these [Trump accounts].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 36:24-36:30
“The Treasury Secretary, the Fed Chair have lunch or breakfast every week.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 37:08-37:14
“The United States President Trump, with his policies has made the United States the best place.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 41:42-41:49
“Everything we have done since the ceasefire began has been defensive.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 42:43-42:49
“Admiral Cooper, General Kane, Secretary Hegseth have been very clear about [the defensive nature of actions].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 42:51-42:58
“We have the deal, we don't have the deal, but we just maintain the blockade and we keep squeezing them.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 43:25-43:34
“Every day that goes by [is] much worse for them [Iran] or we go back to kinetic action.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 43:35-43:41
“We put more sanctions on yesterday. We sanctioned their two airlines.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 44:10-44:18
“There are some things that we can take off to help the Iranian people.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 44:25-44:31