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Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

Shownote

(0:00) Treasury Secretary Scott Bessent joins the show (0:55) Recapping 2025 and the state of the economy (3:13) Tariffs: Leverage, legal challenges, implementation (15:20) Affordability: inflation, BLS data, interest rates (23:00) The Fed: biggest mis...

Highlights

In this episode, Treasury Secretary Scott Bessent provides a comprehensive outlook on the current state of the U.S. economy and the administration's strategic financial policies. The discussion moves beyond market performance to examine structural reforms aimed at balancing growth, equity, and fiscal responsibility.
14:27
The executive branch can raise trade revenue through 301s, 232s, and 122s under existing authority.
22:09
Financial services inflation rises despite falling portfolio management costs, suggesting measurement flaws
41:12
The Fed should return to a more traditional, predictable role with a smaller footprint.
54:20
Program to make every American a market participant, merging Main Street and Wall Street

Chapters

Treasury Secretary Scott Bessent joins the show
00:00
Recapping 2025 and the state of the economy
00:50
Tariffs: Leverage, legal challenges, implementation
03:13
Affordability: inflation, BLS data, interest rates
15:20
The Fed: biggest mistakes, how we got a 15 year asset bubble, rate cycle, appetite for US debt, Fed Chair candidates
23:00
Focus on Main Street, taking equity stakes in American companies
42:44
Tax cuts, Trump accounts, economic legacy
50:40

Transcript

Jason Calacanis: Secretary Bessent, welcome back to All In. We appreciate you taking the time to catch up with us and provide this first year in review. We're excited to have you here and hear how things are going and what's ahead. Regarding the fiscal con...