Treasury Secretary Scott Bessent dunked on Massachusetts Sen. Elizabeth Warren for the second time in a week, during an interview with CNBC on Monday, blasting the progressive senator for failing to understand basic economics despite her positions on both the Senate Finance and Banking Committees.
And this time, it wasn't even a referendum on her socialist politics, it was over her apparent failure to read a Treasury Department press release about international exchange rates.
đ¨ WOW! Scott Bessent is GOING OFF on Elizabeth Warren for being CLUELESS about economics, yet acting like she knows everything
â Eric Daugherty (@EricLDaugh) August 31, 2026
"She's on the Senate FINANCE Committee, the Senate BANKING Committee â and neither she nor her staff know the difference between a foreign exchange⌠pic.twitter.com/1QyZuc1ENN
"Senator Elizabeth Warren wrote a letter to you, whichâand then you wrote a counterletter, which had some bangers in itâForeign Exchange for Dummies, etc. And then she responded," CNBC's Sara Eisen asked.
"Well, what she hasn't responded to is the fact that she is on the Senate Finance Committee. She is a ranking member of the Senate Banking Committee. And neither she nor her staff know the difference between a foreign exchange intervention or a currency swap," Bessent said. "So it is shameful, shameful. And more shameful is that the media hasn't called her out on it."
He went on to blast Sen. Warren for her contributions in shaping the Biden administrationâs economic agenda, which led to record inflation, record spending, and exacerbated the affordability crisis.
đ¨ JUST IN: Scott Bessent is RIPPING IN to Elizabeth Warren for playing a huge role in decimating the American economy under Biden
â Eric Daugherty (@EricLDaugh) August 31, 2026
"The inflation during Biden's term, and Elizabeth Warren, so this is the Biden-Warren economy! Senator Warren placed a lot of the people in the⌠pic.twitter.com/sm610LhVX7
This comes less than a week after Sen. Warren accused the Treasury Department of effectively extending a loan to Japan to support its falling currency. She argued that by bolstering Japanese currency the risk was placed on American taxpayers amid a growing concern about affordability.
Bessent fired back in a letter of his own, recommending that she take an introductory international-finance course and even offering to teach her âForeign Exchange for Dummies.â As Bessent pointed out, the United States had not issued Japan a new loan at all; Treasury had simply exchanged euros it already held in the Exchange Stabilization Fund for Japanese yen.
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
â Treasury Secretary Scott Bessent (@SecScottBessent) August 28, 2026
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial⌠pic.twitter.com/0mmp2tapqJ
Editor's Note: President Trump is leading America into the "Golden Age" as Democrats desperately try to stop it.
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