News

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 ...

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 ...

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 ...

Fed Faces High Bar for Big Cuts Despite White House Pressure

The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much ...

Bessent Says Interest Rates Should Fall by at Least 1.5 Percentage Points Over Time

Treasury Secretary Scott Bessent said interest rates should be substantially lower than they are now, and he believes there ...

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 ...

Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate cut bets surge after CPI data, Bessent comments

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.

Dollar extends weakness as anticipation mounts of Fed interest rate cut

The dollar fell for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a ...