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Scott Bessent: “The Federal Reserve is now losing $100 billion a year…”

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

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Published | Video Starts at 12:07

This big cost overrun for the Fed building, they'll just print more. They'll just print, print more money. So I don't think there's anything wrong with some accountability. And look, just to be clear, The Federal Reserve is now losing $100 billion a year because of mistimed asset purchases. I think that was a big mistake. How does this resolve itself? I know that this isn't your purview necessarily, but do you see? (12:07–12:18)

CLAIM

Asserts that the Federal Reserve is losing $100 billion annually due to mistimed asset purchases.

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