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 ...
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 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 Scott Bessent as Treasury Secretary
The president-elect has selected the hedge-fund manager to lead the Treasury, elevating one of his most vocal supporters in the finance world.
Trump picks Scott Bessent, financier who embraced MAGA, for Treasury
Scott Bessent, who prevailed after an intense lobbying effort by his allies, emerged over the past year as a trusted Trump adviser.
Trump nominates Scott Bessent to lead US Treasury
It ends what has proven to be one of the more protracted decisions for the president-elect as he assembles his team.
Fed's Goolsbee says pace of rate cuts may need to slow
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his ...
'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 ...
Bloomberg L.P.1d
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 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 Plans 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 ...
The Fed should sell its 70s-era gold stockpile and buy bitcoin to establish a crypto reserve, Sen. Cynthia Lummis says
The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.
Bloomberg L.P.12h
ECB Can Lower Rates Independent of Fed Moves, Villeroy Says
“The decisions we make at the ECB with Christine Lagarde are independent of those of the Fed,” the French central banker ...
Fed’s Williams Sees Inflation Cooling and Interest Rates Falling Further
John Williams, who heads the Federal Reserve Bank of New York, expects the economy to grow by about 2.5% next year.
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 ...
Wall Street Journal1d
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 ...
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 ...