Treasury Secretary Scott Bessent refused to pledge Thursday that President Donald Trump’s Federal Reserve chair pick, Kevin Warsh, would not face a federal criminal investigation if he does not comply with the president’s demands to cut interest rates.
“This should be an easy one, Mr. Secretary. Can you commit here and now that Trump’s Fed nominee Kevin Warsh will not be sued, will not be investigated by the Department of Justice if he doesn’t cut interest rates exactly the way that Donald Trump wants?” Sen. Elizabeth Warren asked at a Senate Banking Committee hearing.
“I– I– that is up to the president,” Bessent said.