Treasury Secretary Bessent told CNBC Fed chair Kevin Warsh wants to preserve policy flexibility to secure the best outcome and that each FOMC meeting should be judged in real time. He said the Fed will balance growth and inflation objectives. Excluding energy-affected components, price measures have been very stable, underlying inflation readings are muted and expected to remain so, and Bessent added that core inflation is slowing.

2026-08-04

Treasury Secretary Bessent told CNBC Fed chair Kevin Warsh wants to preserve policy flexibility to secure the best outcome and that each FOMC meeting should be judged in real time. He said the Fed will balance growth and inflation objectives. Excluding energy-affected components, price measures have been very stable, underlying inflation readings are muted and expected to remain so, and Bessent added that core inflation is slowing.