Federal Reserve, Scott Bessent and Treasury Secretary
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Fed, Powell and Bessent
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16hon MSN
"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.
Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and
President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”
23hon MSN
Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the latest developments on U.S. trade negotiations, impact of looming August 1 deadline, prospects of any trade deals, escalating feud between President Trump and Fed Chair Powell,
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US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
22h
Stocktwits on MSNScott Bessent Says US ‘Not Going To Rush’ Into Deal Ahead of August Tariff Deadline, Signals China Talks In ‘Near Future’Treasury Secretary Scott Bessent said on Monday that the U.S. is “not going to rush” just to close deals ahead of the August 1 deadline for finalising a trade deal with the country, or face steep tariffs.
The Treasury secretary and Commerce Sec. Howard Lutnick both seem to view Aug. 1’s steep tariffs as added leverage in talks that will continue past that date.