NBC Meet the Press Sept. 7 — Sec. Scott Bessent, Gov. Wes Moore and Sen. Cory Booker
Sep 7, 2025
Scott Bessent, former Treasury Secretary during Trump's administration, discusses the implications of a federal court striking down tariffs and the current economic landscape. Cory Booker, New Jersey's Senator, weighs in on Trump's controversial military decisions and the scrutiny facing HHS Secretary Kennedy over vaccine policies. Maryland Governor Wes Moore shares insights on the impact of trade wars on local economies and public safety in Baltimore, emphasizing the need for community-focused legislation and fair representation.
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Administration Frames Jobs Dip As Noise
- Treasury Secretary Scott Bessent defends the administration's view that broader economic indicators outweigh a single weak jobs report.
- He predicts a substantial acceleration by Q4 and blames Fed timing and noisy August data for the weak headline number.
Tariffs Presented As Investment Catalyst
- Bessent argues tariffs are spurring investment intentions and CapEx even as some firms report higher costs.
- He points to GDP growth and stock highs as evidence the overall economy remains strong despite company-level complaints.
Plan For Contingencies If Tariffs Are Rejected
- If the Supreme Court strikes down reciprocal tariffs, the administration may pursue alternate legal and policy routes though they would weaken negotiating leverage.
- Be prepared that refunds on some tariffs could be required and would hurt Treasury receipts.