Treasury Secretary Scott Bessent calls Kevin Warsh an 'incredible choice' for Fed chair and predicts substantial disinflation as the Iran conflict halts.

Before Kevin Warsh, the new Fed chairman, got the job, he intimated that the central bank could cut interest rates, but last week he assumed the role of an inflation hawk.

Treasury Secretary Scott Bessent calls Kevin Warsh an 'incredible choice' for Fed chair and predicts substantial disinflation as the Iran conflict halts.