Treasury Sec. Scott Bessent: Let’s Examine the Entire Fed 7/21/25

Less than two weeks out from the August 1 tariff deadline, Treasury Secretary Scott Bessent discusses progress on trade deals with the EU, Japan, and Indonesia. Sec. Bessent also comments on monetary policy, including reports that he tried to talk President Trump out of firing Fed Chair Jerome Powell. He calls for an examination of the entire Federal Reserve institution. Robert Frank reports on the latest in the private jet business: an investment group led by LVMH’s private equity arm is buying 20% of Flexjet. Plus, Scottie Scheffler won his first British Open title, and Andrew Ross Sorkin and Joe Kernen recreate a meme-able moment on a kiss cam.

Scott Bessent - 13:06

Robert Frank - 33:36

In this episode:

Scott Bessent, @SecScottBessent

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY