News

Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates

Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 ...

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Bessent outlines the qualities he's looking for as he vets Trump's Fed shortlist

Treasury Secretary Scott Bessent shares what characteristics he is looking for as he interviews candidates to succeed ...

Fed Cut Seen Near Certain After Inflation Data, Bessent Comments

WASHINGTON (Reuters) -The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U ...

Bessent: 'I didn't tell the Fed what to do.'

Treasury Secretary Scott Bessent on Thursday said his words a day before about rate cuts were just a suggestion for the ...

Bessent walks back rate cut remarks: 'I didn't tell the Fed what to do'

U.S. Treasury Secretary Scott Bessent clarified Thursday he is not calling for interest-rate cuts by the Federal Reserve, ...

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 Hints Fed Should Be Open to a Half-Point Rate Cut

Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a bigger, 50 basis-point cut in the ...

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 ...

Trump considers four finalists for new Fed chair, rules out Scott Bessent

President Trump said he has four finalists in mind to replace Fed Chair Jerome Powell while ruling out Treasury Secretary ...

Treasury Secretary Scott Bessent says Trump considered re-appointing Janet Yellen as Fed chair

Powell’s term as chairman of the US central bank expires in May 2026, and the Trump administration – already interviewing potential replacements – is casting a “very wide net” in the search for his ...