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Wednesday, July 23, 2025

Secy. Bessent shrugs off Trump’s attacks on Fed Chair Powell

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Treasury Secretary Scott Bessent joins Morning Joe to defend President Trump’s aggressive trade strategy, insisting “who pays the tariffs is a choice” and claiming inflation will remain “very benign.” Bessent says manufacturers and retailers are absorbing costs—and that Trump “won’t fire” Fed Chair Powell, despite public pressure. He also previews the next round of China trade talks.

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