News

Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify
The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks ...
Next Fed leader may struggle to deliver the rate cuts Trump wants, watchers say
Some investors have staked out positions in futures markets that will profit if interest rates drop immediately after Jerome ...
Bessent teases new Aug. 1 deadline for tariffs, says Fed chair can’t cut rates like Trump wants
Treasury Secretary Scott Bessent revealed that the Trump administration is now eyeing Aug. 1 as the date to slap the ...
Bessent on becoming Fed chair: ‘I will do what the president wants’
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump ...
Scott Bessent values ‘market-based indicators’ over Powell influence
Treasury Secretary Scott Bessent downplayed Federal Reserve Chairman Jerome Powell’s economic analysis and claimed Bessent ...
Bessent Says Fed ‘A Little Off,’ Flags Signal From Two-Year Rate
Treasury Secretary Scott Bessent questioned Federal Reserve policymakers’ judgment on interest rates, reiterating his view ...
Scott Bessent says Fed could cut rates by September or 'sooner'
Treasury Secretary Scott Bessent said Tuesday night that he thinks the Federal Reserve could cut interest rates by September ...
Trump eyes Fed vacancy in early 2026 to appoint Powell successor: Bessent
Powell’s term as chair ends in late May 2026. Trump has said he would not give the job to anyone who does not align with his ...
Tariffs will revert to April levels if countries don't make a deal by August 1, Bessent says
Tariffs are set to return to President Donald Trump's original April levels without new trade deals by August 1, Treasury ...