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Exchange on Affordability and Fed Chair Nominee
Posted
February 5, 2026
Views
71,100
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February 5, 2026
71,100
1,289
975
3.18%
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Sen. Elizabeth Warren (D-MA) clashed with Treasury Secretary Scott Bessent on Thursday over affordability, pressing him on whether he agreed with President Trump characterizing the issue as a "hoax," "scam" and "con job."
"Senator, it may be a bit nuanced for you," Secretary Bessent replied at a Senate Banking Committee hearing, "but what President Trump is referring to is the media saying that the affordability crisis was generated by this administration when it was you and President Biden who destroyed the buying power of the American people. So, there is an affordability crisis, and you were front and center in it."
Sen. Warren, noting that President Trump campaigned on lowering prices, repeatedly pressed the secretary to acknowledge that overall grocery prices rose in 2025. Secretary Bessent responded each time that "numerous" prices had gone down.
"It's not just groceries," Sen. Warren said. "The numbers from Trump's own economic agencies show that Americans are paying more for utility bills, more for health care, more for housing, more for construction. Families aren't fooled by these lies." Full video here
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