Bessent says there's no reason for Fed chair to resign
Digest more
Scott Bessent, China and Stockholm
Digest more
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the crossfire between President Trump and the Wall Street Journal. Bessent said
Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals.
Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.
Explore more
Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and
U.S. Treasury Secretary Scott Bessent said he would soon meet top Chinese officials to extend the two countries' trade truce. “China, that deal expires on Aug. 12 and I’m going to be in Stockholm on M
U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a "flawed," Biden-era proposal for a dual capital requirement structure for banks.
15h
Korea Joongang Daily on MSNU.S. more concerned with getting 'high-quality' trade deals than meeting Aug. 1 deadline: Bessent
U.S. President Donald Trump's administration is more concerned with getting "high-quality" deals with trading partners rather than meeting the Aug. 1 negotiation deadline, the treasury secretary said Monday,
The President has repeatedly criticized Powell for not cutting interest rates, and he escalated his attacks on the Fed chair last week.