Raised voices at a hearing starring the Treasury Secretary

Treasury Secretary Scott Bessent will be on Capitol Hill again today for another grilling. He’s scheduled to appear before the Senate Banking Committee. Yesterday, Bessent appeared before the House Financial Services Committee to talk about oversight of the U.S. financial system, where he sparred with Democrats. And later in the program, wages are making up a shrinking share of overall income. Also: discussions of Fed independence, inflation, and more.