Transcript
Steve Bannon (0:00)
DC Eamon Javors has this latest.
Melissa (0:02)
Eamonn Melissa, CNBC has obtained a clip exclusively of an interview with former White House adviser Steve Bannon. The interview is conducted by Sean Spicer, who's of course the former press secretary for Donald Trump in his first term. In this interview, Bannon makes a provocative suggestion about the future of Scott Besant, who's the treasury secretary, and whether or not he should have a role as at the Fed. Here's what he says.
Steve Bannon (0:29)
I am a big believer that on an interim basis, that Scott Besson should be both the head of the Federal Reserve and the Secretary of Treasury, and maybe get through the midterm elections, step down as treasury and take over the Federal Reserve.
Melissa (0:41)
Now, that full interview is going to air at 6pm on Sean Spicer's podcast on YouTube. But in that you see Spicer discussing this with Ben and we should note, of course, neither one of those men is a current White House official. Both of them retain significant relationships here inside the building. And so this idea that Scott Besant should be both the treasury secretary and the chairman of the Federal Reserve after Jay Powell is clearly an idea that's going to get some traction inside this building. Whether it will be embraced by this building is a different question entirely. We'll ask White House officials what they think of that idea. Scott Besant himself has said he does not want to be Fed chair. He's happy in the job that he's in. The president said in August that he was taking Besant off the list of candidates for the Fed because Besson told him he wants to stay at Treasuries. So this idea, though, that he could have a dual hat obviously will raise a lot of concerns among people who are very focused on the idea of Fed independence. The idea that you could have a Treasury secretary simultaneously running the Fed will be controversial in those circles. Guys, the whole interview, as I say, on 6pm tonight on YouTube, but that is the gist of the comments there from Bannon, who says he likes the.
Steve Bannon (1:57)
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians not got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that, but I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
Dr. Michael Savage (2:19)
And where do people like that go.
Dr. Peter Navarro (2:20)
