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Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026
Duration: 56:58:00
December 22, 2025
- The administration is focused on reducing the national budget deficit, projecting a fiscal contraction for the calendar year and aiming for a deficit-to-GDP ratio starting with a "3" by the end of President Trump's term.
- Tariffs are viewed as a strategic tool for national security and trade negotiation, not just a revenue source, with studies suggesting they do not cause inflation.
- The Fed's history and current practices are discussed, particularly its expansion of tools like quantitative easing, which are seen as potentially exacerbating economic inequality and the need for a more constrained, predictable approach.




