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 ...
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 picks Scott Bessent for treasury and 8 others in flurry of announcements
Get the latest news on the transition to the new administration of President-elect Donald Trump and a new Congress.
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 Bessent to lead US Treasury in flurry of announcements
On the campaign trail, he told voters that Trump would usher in a "new golden age with de-regulation, low-cost energy, [and] low taxes". If Bessent is confirmed by the Senate, he would almost immediately be plunged into the fight in Washington over extending the tax cuts from Trump's first term.
Trump picks hedge fund exec Scott Bessent as treasury secretary
President-elect Trump announced a barrage of new picks for key roles in his administration, including hedge fund manager Scott Bessent to be his treasury secretary. NBC’s Aaron Gilchrist reports for TODAY.
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 ...
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 ...
'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 ...
Wall Street Journal19h
The Fed Is Planning to Review Its Approach Next Year
Fed Chair Jerome Powell last week. (Shelby Tauber/Bloomberg News) Depending on whom you ask, the Federal Reserve has done ...
Bloomberg L.P.16h
Fed’s Bowman Says Regulators Shouldn’t Rush to Contain AI
Federal Reserve Governor Michelle Bowman acknowledged the risks created by artificial intelligence but warned that regulators ...
New York Fed paper challenges notion of discount window stigma
The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face ...
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 ...
American Banker11h
Fed's Bowman: Regulators 'must have an openness' to AI
While the risks, benefits and magnitude of artificial intelligence's impact on financial services remain unclear, agencies ...
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 ...
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 ...
What Mortgage Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
The last time the federal funds rate was at this level, mortgage rates were not much lower than they are now. The bigger ...