Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar
Bessent doesn’t seem to disagree with Trump, and even criticized the Fed himself in September after its jumbo rate cut. “If you were concerned about the integrity of the institution, you would not have done it. You especially would have not done a ...
What to Know About Scott Bessent, Trump's Pick for Treasury Secretary
President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary
Donald Trump picks hedge fund manager Scott Bessent for Treasury secretary
The Treasury Secretary is a high-level Cabinet position charged with advising the president on matters related to financial, economic and tax policy.
Trump taps hedge fund manager Bessent to lead Treasury
President-elect Donald Trump has picked Scott Bessent, a hedge fund manager and major Trump fundraiser, to be his next Treasury secretary, people familiar with the decision said. Bessent, who has been among Trump’s biggest allies on Wall Street,
Trump expected to pick Scott Bessent as treasury secretary
Scott Bessent campaigned for Trump all year and is seen as a figure who can make populist rhetoric palatable to Wall Street.
Trump chooses Bessent for treasury secretary, Vought for budget director
President-elect Donald Trump on Friday announced hedge fund manager Scott Bessent as his choice for treasury secretary and first-term official Russell Vought to head the Office of Management and Budget.
Trump Nominates Hedge Fund Chief Bessent to Lead US Treasury
President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term.
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...
Fed Announces Details and Focus of Upcoming Framework Review
The Federal Reserve announced more details about its upcoming framework review Friday, including a specific focus on the ...
Fed survey finds inflation fading as a risk next to debt, trade wars
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory ...
The Fed Is Planning to Review Its Approach Next Year
Depending on whom you ask, the Federal Reserve has done an admirable job of wrestling inflation back under control, or ...
Bloomberg L.P.17h
US Debt Load Tops Fed’s Survey of Financial Stability Risks
“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the ...
Fed announces policy framework review, sets conference for May 15-16
The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public "Fed Listens" events around the ...
Markets think the odds of a Fed pause in December are rising
Traders see 45% odds of a Fed pause in December, up from 17% last week as markets digest a win for Trump and cautious remarks ...
Fed's Collins Sees More Rate Cuts Ahead for US Central Bank
FILE PHOTO: Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, ...
The irony of inflation politics (or why Trump should be nice to Fed Chair Powell)
Only in the crazy, confused world of Washington politics could the Democrats be pointing their fingers of blame at anyone but ...
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4 ...
Fed’s Cook Paints December Interest Rate Cut as Uncertain
Federal Reserve Governor Lisa Cook said the timing of further interest-rate cuts will depend on coming data, leaving the ...
'They are fed up': Dem mayor's office demands solution on key issue after voters sent 'resounding message'
In response to the Biden administration loosening key immigration restrictions, New York City Mayor Eric Adams sounded off on ...