Federal Reserve, Bessent
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Fed, Powell and Bessent
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5hon MSN
The S&P 500's record close comes despite the Trump administration's beef with threats on the Fed and its use of tariffs as a bargaining tool.
White House bars WSJ from press trip over Epstein coverage that led to $10 billion lawsuit - New poll asks Americans whether they believe Wall Street Journal report about birthday letter Donald Trump
22hon MSN
Donald Trump has refuted a Wall Street Journal report. The report claimed Scott Bessent tried to stop him from firing Jerome Powell. Trump called the story untrue on Truth Social. He also asserted his understanding of market dynamics.
The Bureau of Labor Statistics on Tuesday released June inflation data, showing prices increased from the prior month. Hours later, President Trump called on the Fed to lower rates.
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.