Treasury Secretary Scott Bessent informed MSNBC co-host Jonathan Lemire on Tuesday of the most salient point regarding the United States’ decision to engage in a currency swap last month with Argentina: America benefited financially.
Argentina’s peso was fluctuating wildly going into the country’s midterm election, so the United States announced in mid-October that it would have a $20 billion currency swap to stabilize the market, The Guardian reported.
On Tuesday, MSNBC’s “Morning Joe” co-hosts peppered Bessent with several questions about affordability, arguing that the Trump administration has not brought costs down fast enough, which increased significantly under President Joe Biden.
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Bessent responded that the cost of gasoline, mortgages, and other items has fallen significantly and will continue to do so in relation to wages as
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