Transcript of Kelly O’Grady’s Interview with Treasury Secretary Scott Bessent

U.S. Treasury Secretary Scott Bessent discussed the investigation into Federal Reserve Chair Jerome Powell and the new $1,000 “Trump Accounts” for children born between 2025 and 2028 in an interview with CBS. He emphasized that the program aims to close the wealth gap by encouraging contributions from philanthropists and promoting financial literacy. Bessent highlighted the accessibility of the accounts through mobile platforms to enhance engagement and understanding among families. He dismissed criticisms about the program’s impact on low-income families, asserting it provides vital financial support.

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