Sen. Warren and Treasury Sec. Bessent spar over affordability and the Fed

• Senator Warren questioned Trump's claims of lowering costs and his characterization of the affordability crisis as a 'hoax' or 'scam'.
• Secretary Bessent attributed the affordability crisis to the current administration and defended Trump's statements as critiques of media coverage.
• Warren cited government data (BLS, USDA) to argue that grocery prices, utility bills, healthcare, and housing costs have increased, contradicting Trump's claims.
• Warren pressed Bessent on whether Trump's Fed nominee, Kevin Warsh, would face legal action if he doesn't lower interest rates as Trump desires, highlighting concerns about Fed independence.

Senator Elizabeth Warren and Secretary Scott Bessent engaged in a heated debate over the affordability crisis and former President Trump's economic claims. Warren challenged Trump's assertions about lowering costs and denying inflation, presenting data on rising grocery, utility, healthcare, and housing prices. She also raised concerns about potential political interference with the Federal Reserve's independence under a future Trump administration.