Squawk Pod Davos 2026: Treasury Secretary Scott Bessent 1/21/26
18 snips
Jan 21, 2026 
Scott Bessent, U.S. Treasury Secretary and former investment manager, shares insights from the World Economic Forum. He discusses Trump's curiosity about Greenland and emphasizes America’s economic strength. Bessent also details the Fed chair selection process, highlighting the need for transparency and accountability. He defends plans to cap credit card rates and advocates balanced intervention in markets to ensure fair practices. His overarching message champions American leadership while maintaining global partnerships.
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Greenland As Strategic Preemption
- Scott Bessent argues Greenland's strategic value makes U.S. control sensible given long-term defense commitments.
- He frames acquisition discussions as preemptive national-security strategy rather than novelty.
U.S. Defense Spending Shapes Diplomacy
- Bessent highlights U.S. defense spending vastly outpacing NATO partners and uses that to justify tougher diplomacy.
- He says this underpins President Trump's push for allies to pay more and for tougher trade posture.
Boost Lending By Empowering Small Banks
- Bessent urges boosting lending capacity by deregulatory reforms targeting community banks and Main Street.
- He cites Oliver Wyman's estimate of $2.5 trillion in newly available lending capacity.
