Bessent says he had breakfast with Fed's Warsh on Thursday

WASHINGTON - U.S. Treasury Secretary Scott Bessent said he had breakfast with new Federal Reserve chair Kevin Warsh on Thursday.

Asked by a reporter at a White House briefing if he pressed Warsh to lower interest rates, Bessent instead responded about his frequent meetings with the previous Fed chair, Jay Powell.

"I had breakfast with Chair Powell 41 times, and I never did that," Bessent said, without elaborating.

President Donald Trump repeatedly urged Powell to lower interest rates.

(Reporting by Gram Slattery and Bo Erickson;Editing by David Ljunggren)

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This story was originally published May 28, 2026 at 2:57 PM.