What to Expect From Scott Bessent's Confirmation Hearing

The transcript discusses the nomination of Pete Hagseth and Scott Besson, highlighting their potential impact on financial markets. It explores Trump's cautious approach to the Federal Reserve, aiming to avoid market disruptions. The discussion includes the support nominees might receive, particularly from Republicans, and the independence of the Federal Reserve. The transcript also covers market reactions to CPI data and the Federal Reserve's future decisions, emphasizing the need for more inflation reports before further action.

What is the main reason the Trump administration is cautious about upsetting financial markets?

• To maintain economic stability

• To reduce unemployment

• To increase inflation

• To gain more votes

Which nominee is considered less controversial according to the transcript?

• Pete Hegseth

• Scott Besson

• Jerome Powell

• Donald Trump

What recent data caused a significant market reaction?

• GDP growth

• Trade balance

• Core CPI data

• Unemployment rate

What is the Federal Reserve's current approach to interest rate changes?

• Wait-and-see approach

• Gradual rate increases

• Immediate rate cuts

• Aggressive rate hikes

What does the Federal Reserve want to see before considering lowering borrowing costs again?

• Stronger GDP growth

• Increased unemployment

• More reports like the recent core inflation easing

• Higher inflation rates