Scott Besson

If that's not an emergency authority, what was?

Treasury's estimates show that the use of Section 122 authority combined with potentially enhanced Section 232 and Section 301 tariffs will result in virtually unchanged tariff revenue in 2026.

It's in dispute.

Supreme Court did not rule on that today.

They pushed it back down to the International Tax and Trade Court.

And my sense is that could be dragged out for weeks, months, years.

My understanding is that we are going to proceed with the hearings.

Senator Tillis wants to keep a hold on any vote with Kevin Warsh leaving committee, making it to the full Senate.

But I think it's important.

to get the hearings underway, and I think we have an agreement to do that.

Secretary Besson addressed a record-breaking rally in precious metals fueled by speculative buying, geopolitical turmoil, and concern about the Federal Reserve's independence that abruptly reversed last week.

Besson on Fox's Sunday Morning Futures.

The turmoil helped lift the dollar and the Dow topped 50,000 for the first time last week.

Besson says that shows the U.S.

economy is headed in a positive direction.

Monica Ricks, Bloomberg Radio.

I am Secretary of the Treasury.

I do not have the authority to do that.

And as chair of FSOC, I do not have that authority.

No, that is an asset of the U.S.