It's wonderful to come to the White House.

It's always wonderful to interview top administration officials, and it's especially

wonderful to interview one of the most important men in the administration and in the world,

the Treasury

Secretary, Scott Besson.

Mr. Secretary, thank you so much for taking the time.

Thanks for having me.

So I'll just jump right in.

You have made a priority, the reduction of long-term interest rates and of mortgage rates.

And since the inauguration, both of those have come down materially.

So this has obviously been very effective.

Why is it so important for those two objectives to be achieved?

Good.

It's a great question.

And thanks for asking that the Biden administration created an affordability crisis.

And one of the key problems in the affordability crisis has been a home affordability.

A big component of home affordability is mortgage rates.

So the Fed had to go on a very aggressive hiking cycle to bring down inflation.

We hope that the Biden inflation is dead.

We believe that everything President Trump's agenda is doing on the economy,

making the tax cuts permanent, bringing down deregarten,

the bringing down regulation, cutting regulations, bringing down energy prices, will contribute to

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