Bessent told Warren that her concerns were insincere, noting the federal funds rate is at its highest level in 22 years and inflation hit a 40 year high. He characterized her previous support of Biden administration spending as "reckless" and described her inquiries as a "letter-writing crusade." Warren has sent more than 100 letters to the Treasury over the past 21 months, a pattern of correspondence detailed in documents obtained by FOX Business.
Wednesday, October 21, 2026
Story
Treasury Secretary Scott Bessent Offers Senator Warren For Dummies Tutorials in Letter
US Politics10 days ago
Senator Elizabeth Warren's request for information on Trump administration policies to lower borrowing costs drew a caustic reply from Treasury Secretary Scott Bessent. Bessent offered Warren a "Foreign Exchange for Dummies" tutorial and a "Fixed Income for Dummies" guide if she could pass a "Yale metric" test, after rejecting her claim that a surge in Treasury yields was "self-inflicted." Warren had cited the Federal Reserve's decision to raise the federal funds rate by 0.25 percentage points as a driver of costs.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.