Squawk Pod Treasury Secretary Bessent, the Future of Democrats, & ‘Embrace Rage’ 11/25/25
Nov 25, 2025
Scott Bessent, United States Treasury Secretary and former investor, discusses U.S.-China relations, including soybean trade and the selection of a new Fed Chair. He also highlights affordability and economic policy challenges. Veteran political consultant James Carville urges Democrats to adopt an economic-populist approach, advocating for addressing inequality and affordability issues. Both guests explore how strategic messaging can reshape political landscapes and respond to current economic crises.
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Stable Rivalry With China
- Scott Bessent says U.S.-China ties are in a stable, rivalrous pause with frequent leader contact.
- He argues high-level meetings provide stability that benefits the U.S. economy and world markets.
Choose Fed Leaders For Complex Tradeoffs
- Bessent advises evaluating Fed candidates on monetary policy, balance sheet and regulatory interplay.
- He recommends a Fed that simplifies operations and protects the American people.
Fed Needs Simpler, Calmer Framework
- Bessent warns the Fed's ample-reserves regime may be fraying and calls for simplification.
- He urges the Fed to return to a quieter role focused on setting steady monetary policy.