Bessent says he had breakfast with Fed's Warsh on Thursday

Kitco Media
By Reuters
Published:
Updated:
Reuters
Bessent says he had breakfast with Fed's Warsh on Thursday teaser image

WASHINGTON, May 28 (Reuters) - U.S. ‌Treasury Secretary Scott Bessent said he had breakfast with new ​Federal Reserve ​chair Kevin Warsh on Thursday.

Asked ⁠by a reporter ​at a White ​House briefing if he pressed Warsh to lower interest ​rates, Bessent instead ​responded about his frequent meetings ‌with ⁠the previous Fed chair, Jay Powell.

"I had breakfast with Chair ​Powell ​41 ⁠times, and I never did ​that," Bessent said, ​without ⁠elaborating.

President Donald Trump repeatedly urged Powell to ⁠lower ​interest rates.

Reporting ​by Gram Slattery and Bo ​Erickson; Editing by David Ljunggren

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.