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Fed cut seen near certain after inflation data, Bessent comments

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation ...
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Scott Bessent out of Fed race, candidates would have before the weekend

President Trump intensifies his search for a new Federal Reserve leader as Scott Bessent steps out of the race. With Jerome ...

PPI report casts doubt on Bessent’s call for 50-basis-point Fed cut in September: ING

The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point ...

Bessent outlines Trump administration plans for tariffs, housing crisis and Fed chairman selection

U.S. Treasury Secretary Scott Bessent, in a wide-ranging interview on 'Mornings with Maria,' weighs in on President Donald ...

Ex-Fed's Bullard says he's talked with Bessent about Fed chair job

Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott ...

Inflation shocker blows apart expectations for huge Fed rate cuts

A hotter-than-expected spike in wholesale inflation is throwing buckets of ice water on the frothy expectation of a big, beautiful Federal Reserve interest rate cut next month. Treasury Secretary ...