Scott Bessent: “The Fed's losing $100 billion a year.”

“They have magic money. So when they go over budget, they just print more money. And I'll remind your viewers that due to some terrible bond market purchases, The Fed's losing $100 billion a year. Did we know that the Senate was ready, the committee was ready to move ahead. Is that so? You just confirmed that that is the case.” (06:10–06:13)

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.