Trump administration calls for rate cuts as part of plan
Watching and listening to the interview on Sunday, April 6, 2025, with NBC News’s “Meet the Press,” Treasury Secretary Scott Bessent called it a “false narrative” that people close to retiring may be reluctant after their retirement savings dropped last week because of the stock market downturn. Once again, the elite fail to understand how the wage workers’ 401k retirement plans work. When a retired employee separates from the employer who does not have a Defined Benefit Pension, which more than 90% of private sector workers do not have, the 401K is used to create an income ...