Bessent's focus on 10-year US Treasury yield may let Fed off the hook
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire.
Trump Treasury secretary Scott Bessent relives some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, but what he and the president do want is to bring down longer-term borrowing costs via 10-year Treasury yields.
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...
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The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.
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Senate confirms Scott Bessent as Treasury secretaryThe Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new ...
The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy ...
U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance ...
President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer ...
Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key ...
A pair of House Democrats showed up uninvited to House Speaker Mike Johnson's (R-La.) office Wednesday to elbow into his ...
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