Senator Warren Statement on Trump Nominating Scott Bessent as Treasury Secretary

Senator Warren Statement on Trump Nominating Scott Bessent as Treasury Secretary

Washington, D.C. - In response to the news that President-elect Donald Trump has named Scott Bessent to serve as U.S. Secretary of Treasury, U.S. Senator Elizabeth Warren (D-Mass.) released the following statement:

"Wall Street may be breathing a sigh of relief at Scott Bessent's nomination, but working people see no help coming their way. Mr. Bessent's expertise is helping rich investors make more money, not cutting costs for families squeezed by corporate profiteering.

"A Treasury Secretary must safeguard our financial system, ensure the fairness of our tax system, and expand economic opportunities for the middle class, particularly around housing affordability. I have been a fierce critic of Fed Chair Jerome Powell's extreme interest rate hikes and lack of transparency, but I have never questioned that it is his job to make those decisions. It would be a serious error for the Trump administration to interfere with the Fed's independence, as Mr. Bessent has suggested.

"I do not know if Mr. Bessent will transfer his loyalty from Wall Street investors to America's workers, but I am willing to work with anyone to advance the interests of working families. I look forward to reviewing the Treasury Secretary nominee's record and meeting with him ahead of his confirmation hearing."

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