Name: Scott Bessent discusses Trump accounts, Federal Reserve
Uploaded: 2026-01-31T15:48:43.612Z
Duration: 3 min 47 s
Description: President Trump celebrated a new federally-funded investment program, called Trump Accounts, aimed at giving kids a long-term financial foundation. Treasury Secretary Scott Bessent sat down to discuss the initiative.

President Trump celebrated a new federally-funded investment program, called Trump Accounts, aimed at giving kids a long-term financial foundation. Treasury Secretary Scott Bessent sat down to discuss the initiative.

Washington

Treasury Secretary Scott Bessent provided details on the Trump accounts initiative, which offers $1,000 government-funded investment accounts for children born between January 1, 2025, and December 31, 2028. The accounts are designed to help families build savings, with additional contributions allowed from parents, employers, and nonprofits, and an emphasis on financial literacy education.

Bessent also addressed the Department of Justice investigation into Federal Reserve Chair Jerome Powell, stating that no institution is beyond accountability. He emphasized that the probe should remind future Fed chairs that independence does not equate to a lack of oversight, and noted the president's awareness of the Federal Reserve's committee-based decision-making.

Scott Bessent discusses Trump accounts, Federal Reserve

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Breakdown