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Scott Bessent: “The Fed has become this very complicated operation. It's no…”

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

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Published | Video Starts at 04:02

And, Andrew, I'll tell you one of the things in terms of the criteria that I've been looking for that I have morphed a bit on in the fall when we started with 11 candidates, is in talking to these candidates, I realized The Fed has become this very complicated operation. It's no longer just a price setting of money. There's this very complicated calculus between the monetary policy, the balance, the balance sheet, and regulatory policy. (04:02–04:10)

CLAIM

Asserts that the Federal Reserve's operations have become more complex than just setting interest rates.

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